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Chris Dillow

Housing risk Property is a riskier investment than house price indices suggest ...

21 February 2017

Chris Dillow

About Chris Dillow

Incisive economic commentary plus thoughts on investor behaviour

Recent articles

  1. Next week's economics: 27 Feb - 3 Mar

    23 February 2017

    The UK is sharing in a global upturn in manufacturing output, next week's figures could show

    Construction activity has slowed. This would be consistent with uncertainty about Brexit depressing spending on longer-lived assets

  2. Debt doubts

    Debt doubts

    23 February 2017

    It's impossible to say for sure whether consumer debt is too high.

    Whether debt matters or not depends upon differences between households, not upon the average household.

  3. The cheap pound

    The cheap pound

    23 February 2017

    Sterling's real exchange rate is at a 30-year low. History suggests it will recover.

    We don't need to believe investors are irrational to believe that currencies overshoot.

  4. Ever-growing cash

    Ever-growing cash

    16 February 2017

    Companies around the world have been piling up cash. There are good reasons for this, which won't disappear soon.

    Companies around the world have stepped up their savings - so much so that firms now save more than households.

  5. Next week's economics: February 20 - 24

    Next week's economics: February 20 - 24

    16 February 2017

    Next week there should be more evidence of a manufacturing upturn across Europe.

    The global savings glut (which is the counterpart of UK government borrowing) is still very much with us

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