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Money Week

A faint hope for Zimbabwe

Decades of Robert Mugabe’s ruinous policies have driven his country to economic disaster. But will his successor and former ally be any improvement? Simon Wilson reports.

In 1980, Robert Mugabe inherited a well-diversified economy with the potential to become one of sub-Saharan ...

yesterday 11:13 open_in_new
We need more job-killing robots

Super-smart robots are about to wipe out whole professions. Work is becoming less secure. We have to find ways to retrain people – or prepare them to do nothing. In most debates about how the economy is changing, it is taken as a given that technology is disrupting industries at an ...

2017-12-16 19:39 open_in_new
The charts that matter: Yellen bows out with neither bang nor whimper

Welcome to your weekend edition, where we take a look through the charts that matter and catch up on anything else that we missed during the week.

This week, Federal Reserve chair Janet Yellen marked her last time in the hot seat with an interest rate hike.

Everyone had expected the ...

2017-12-16 12:11 open_in_new
How Britain avoided the worst of the Great Depression

For the last month or so, I’ve been talking about the Great Depression – the run up to it, the unfolding of the Crash of 1929, and the aftermath.

But clearly, it’s mostly been US-focused. And maybe you’re wondering, what was going on in Britain at this time? How come we don’t ...

2017-12-15 11:53 open_in_new
The lingering effects of the financial crisis

Anyone buying a real Christmas tree in America this year has suffered a nasty dose of sticker shock. Depending on where and what you buy, you’ll pay up to 20% more this year than last year. Why? It all goes back to the great financial crisis of 2007.

In the confusing and ...

2017-12-14 19:03 open_in_new
How Venezuela is keeping Latin America on track for growth

Caracas is providing a bad example of how to run a country. Even the region’s populists are paying heed. Latin America remains open for business, says James McKeigue.

You could forgive bondholders who were summoned to Caracas last month for feeling edgy. Venezuela’s socialist ...

2017-12-14 16:57 open_in_new
This trade has been disappointing so far – but hang on for now

What with bitcoin, oil and sterling, you might have noticed your author is on a bit of a winning streak at the moment.

Beware arrogance creeping in! Mistakes follow. Mr Market – or is it Mrs? – has a habit of slapping down the arrogant with a big and resounding wet fish to bring them ...

2017-12-14 11:47 open_in_new
SPONSORED: Factors to consider before making your business global

Exports already account for one third of Britain’s GDP, which is higher than the average for similar big G7 economies. However, currently only around 20% of small and medium sized-enterprises (SMEs) are exporters: increasing that proportion will be crucial in coming decades. For ...

2017-12-13 17:57 open_in_new
A strange North American pre-Christmas custom you can profit from

December in Canada and the USA does not just mean the season of goodwill. It also means tax-loss selling.

Every year our cousins across the Atlantic sell their dogs – their shares that have done badly – to realise a loss, which can then be offset against winning trades elsewhere to ...

2017-12-13 11:45 open_in_new
Brexit: ‘no deal’ would be the worst deal

Last month, economic research consultancy Capital Economics released a report on the economic impact of Brexit, which they carried out for Woodford Investment Management. It looked at three scenarios: a “no deal” exit on WTO terms, a “compromise trade deal” with Brussels, and a ...

2017-12-12 12:51 open_in_new
A sneaky oil boom is getting underway

The market has a marvellous sense of comic timing.

In the last few weeks, the papers have been full of talk about how Norway’s sovereign wealth fund is looking at extricating itself from the oil sector.

Now if you ask me, that’s sensible. Your entire economy runs on oil. Why ...

2017-12-12 11:49 open_in_new
Amid all the worry, UK stocks look good

How will 2017 be defined? My guess is that we will look back and see it as the year of consequences. The one in which we all started having to deal with the long-term fallout from the great financial crisis and the great monetary experiment it kicked off – the age of quantitative easing and ...

2017-12-12 08:39 open_in_new
What’s holding back wages in the US? Probably nothing but time

The S&P 500 enjoyed another record close on Friday night.

The market is now sitting at 2,651. That’s pretty impressive – a near-20% gain – given that it started the year at just above 2,235.  

(Yes, I know that bitcoin has been better. Bitcoin has been better than ...

2017-12-12 08:39 open_in_new
How to manage decline profitably

Big corporations are finally realising that their business models will not work for very much longer. Some have decided that if “disruption” is inevitable, then they might as well be the ones doing the disrupting.

For example, all the big car manufacturers have realised that once ...

2017-12-10 13:23 open_in_new
The return of capital controls

The potential for a Jeremy Corbyn-led government brings with it the prospect of growing state intervention in the country’s finances. Simon Wilson asks: should we be worried?

They are legal measures taken by the government to limit the flow of capital into or out of the country. They ...

2017-12-09 19:21 open_in_new
The charts that matter: bitcoin and Brexit

Welcome to your weekend edition, where we take a look through the charts that matter and catch up on anything else that we missed during the week.

Before I get started today – this is your last chance to bid for a fancy lunch in London with my colleague Merryn Somerset Webb, courtesy of ...

2017-12-09 12:07 open_in_new
How the 1930s banking crises prolonged the Great Depression

Last week, we began looking at why the 1929 stockmarket crash turned into the Great Depression. The crash itself, of course, signalled the start of one of the longest economic downturns in modern history.

But even at the end of 1929, no one really knew that the Great Depression was going ...

2017-12-08 12:51 open_in_new
This week in MoneyWeek: Join the battle against killer diseases

In this week’s MoneyWeek magazine: curing today’s most serious diseases; an update to our investment trust portfolio; and some creative ideas for charitable giving.

Plus, why it’s not all gloom for millennials; things to consider if you’re thinking of investing in a winter ...

2017-12-08 11:47 open_in_new
How to invest in the next big medical breakthrough

There is currently no cure for MS, Alzheimer’s and Parkinson’s diseases but research gallops on. There will be big rewards for the first drug company to break through, says Dr Mike Tubbs.

Patients and the families of patients suffering with serious neurological diseases such as ...

2017-12-07 16:59 open_in_new
Trouble lies ahead in the markets

Do you know anyone who has borrowed to buy bitcoin? I asked this question on Twitter earlier this week, rather assuming that the answer would be no. Instead I got several replies from people who do, and another pointing out that IG Index often has bitcoin at “unlongable” – meaning that ...

2017-12-07 14:53 open_in_new
How to invest in the next big medical breakthrough

There is currently no cure for MS, Alzheimer’s and Parkinson’s diseases but research gallops on. There will be big rewards for the first drug company to break through, says Dr Mike Tubbs.

Patients and the families of patients suffering with serious neurological diseases such as ...

2017-12-07 14:53 open_in_new