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Chris Dillow

Too big to succeed Tesco's troubles remind us that investors often under-estimate the power of diseconomies of scale. ...

21 July 2014

Chris Dillow

About Chris Dillow

Incisive economic commentary plus thoughts on investor behaviour

Recent articles

  1. There go the goal posts again

    15 August 2014

    The Bnak of England has halved its wage growth estinate for this year from 2.5 to 1.25 per cent.

  2. What inflation worries?

    08 August 2014

    Falling US unemployment will not lead to a big rise in inflation

    "The Phillips curve seems relatively flat"

  3. Shares face crash risk

    Shares face crash risk

    07 August 2014

    Escalting tensions with Russia and the fragility of the euro area could cause a sharp drop in share prices.

    "A significant flight of capital in a system that is already so vulnerable could trigger one or more bank failures."

  4. Next week's economics: 11-15 Aug

    06 August 2014

    The Bank of England is preparing to raise interest rates, but there are reasons for it not to act yet, next week's events might tell us

    'Economists expect the first rise in Bank rate to come in November. Next week's Inflation Report might not change this'

  5. The noble lie of the output gap

    06 August 2014

    Spare capacity doesn't have much effect upon UK inflation. But it's useful for the Bank of England to act as if it did.

    'In an open economy, there is a range of unemployment rates consistent with the absence of inflationary pressure'

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