Chris Dillow

Asset prices are not set by 'the market' but by a minority of traders, who can be systematically mistaken.

Next week's numbers will show that the lockdowns are devastating the world economy – but there might also be some slight reasons for hope

It's not just a wave of business failures we must worry about. We should also be concerned that the number of start-ups will fall

It's tempting to look for recovery stocks – but it is also very risky

Next week could see news of rising unemployment and of a record fall in UK retail sales.

Increased government borrowing will support corporate profits around the world

A rise in inflation would be good for equities

A bar in New Mexico shows how we might observe social distancing efficiently

High US share prices reflect the fact that the stock market is dominated by monopolies

Economists expect the economy to bounce back sharply as the lockdown is lifted. There are big risks to this.

Official figures will confirm that the recession has begun in Europe, and willl show some record falls in activity in the US.

The low oil price is no reason to sell equities, and might even be a reason to buy