Chris Dillow

Greek exit to cost hundreds of billions It's increasingly likely that Greece will leave the euro. This could cost investors over $400bn ...
16 May 2012

About Chris Dillow

Incisive economic commentary plus thoughts on investor behaviour

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Recent articles

How banks magnify euro risks

17 May 2012

A break-up of the euro could cost euro area banks €600bn, equivalent to a quarter of their capital.

The dangers posed by a break-up of the euro do not lie in the monetary sums involved. Instead, the problem is that the losses will be concentrated in a few highly leveraged organizations.
Next week's economics: May 21 - 25

16 May 2012

Next week will bring a fall in UK inflation, but more concerns about the state of the UK and euro area economies.

The underlying outlook for spending is poor, given that real incomes are still being squeezed, unemployment is high and consumers are unwilling or unable to borrow much.
The trouble with targets

14 May 2012

Many investors are aiming at a target level of wealth. Such targets, however, must be used carefully

"There's a one-in-six chance of shares making no money at all in real terms over the next 10 years. There's also a one-in-six chance of them making you a return of 120 per cent"
Why the euro is still strong

14 May 2012

The euro zone's debt crisis has not caused the euro itself to fall much. There are good reasons for this.

The old joke about forex strategy - "don't like any of 'em" - is more true now than for a long time.
Next week's economics: 14-18 May

10 May 2012

Next week will bring official confirmation that the eurozone is in recession, but better news from the US

"The Bank of England is likely to forecast economic recovery in the second half of the year, while stressing that this prospect is uncertain"