The Brics narrative is crumbling—the five countries need transparent institutions and lessons in self-reliance
Both hope that "something will turn up"
George Magnus / March 1, 2016
"Emerging markets are bleeding capital on a scale unseen since the Asia crisis in 1998"
"Outside the EU we would still be subject to 700 international treaties"
This technological revolution is different
"It's hard to know how this is going to end"
"To hijack Charles Dickens, the US economy is characterised by wisdom and foolishness"
"The banks we once worried about as too-big-to-fail are in many cases even bigger today"
"Recessions normally follow a marked drop in job creation—but the opposite is happening"
George Magnus / January 18, 2016
A barrel of Brent oil cost $125 in 2013; it is now $28. Can we absorb the shocks?