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The Sceptical Economists

Andy Cates

A sceptical take on economics, policy and markets

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PricingOnly free issuesPublishesWeekly
Issues48Founded6 years agoLast Issue16 days ago
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Latest Issues

The AI Boom Meets the Strait of Hormuz

By now, most investors already understand the broad AI story. They can recite the hyperscaler capex numbers from memory. They know Nvidia’s revenues are exploding. They understand the extraordinary scale of investment flowing into data cent...

16 days ago
1
1

Britain’s Balance Sheet Meets the Ballot Box

The local elections have delivered a sharp political warning to Labour. But the more important signal may not be coming from council chambers. It may be coming from the gilt market.

Labour’s heavy losses overnight have intensified scrutiny...

a month ago
1

Process vs Luck: If Mr Trump ran an investment team.

  1. Good investment and sports teams share a core discipline: focus on process, not outcomes. They understand that results combine something controllable (process, preparation, knowledge) with something random. The best teams work to shrink...
2 months ago
2

Equity Markets Are Not Necessarily Pricing Peace

There is something distinctly odd about the current moment. Geopolitical instability in the Middle East has intensified, risks to energy security have risen, and concerns about broader spillovers into inflation and growth are plainly mounti...

2 months ago
2

What is the market pricing now?

Our Mr Market indictors are shifting around like a nervous British PM. The message from the market is now rather intriguing so an update is in order.

Briefly, as a reminder for those who’ve never seen this before, we take a bunch of daily...

2 months ago
5

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  • Andy Cates

    Professional economist with over 25 years of experience advising colleagues and clients and with award winning research contributions from accurate out-of-consensus insight.

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