Lessons from your petrol pump
As consumers, sharp price increases are unwanted. But they send an essential signal
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Markets should pay heed to the affordability squeeze
Political pressure in response to public anxiety will demand policy responses
Price controls make a troubling return to the mainstream
Governments should focus more on boosting supply and productivity
Interest rates take fright
The market’s calm in the face of war is beginning to crack
Private credit’s stale pricing problem
More frequent asset valuations can boost market resilience and investor confidence
There is method in the market’s madness
But it relies on a host of rosy assumptions going in investors’ favour
We must be mindful of the risks of private credit
The sector remains untested in a severe or prolonged economic downturn