Chris Dillow

House prices might have taken on the good news of lower interest rates but not the bad. If so, they are overpriced

The consensus that central banks should be independent from political interference is coming into question, for bad reasons and good

The US dollar often rises when bond yields fall, because it, like bonds, is a relatively safe asset

The Federal Reserve is likely to cut interest rates next week, but the Bank of England won't, despite the UK's weaker economy

Inflation expectations have been surprisingly stable recently – this is good for equities

The UK economy is stagnating, but the ECB is trying to revive the eurozone, next week's news could say

The ECB's attempts to stimulate the eurozone's ailing economy might well be ineffective, or even counter-productive

Houses become harder to sell in weak markets, in part because buyers and sellers have different ideas about what is a fair price

In theory, investors should learn about patterns in equity returns and so bid them away. This doesn't seem to be the case with seasonal patterns

It's becoming increasingly doubtful that a rising profit share in the US can foster good economic growth. This should worry equity investors a lot

Index-linked gilts play a useful role in insuring us against unexpected inflation. But the risk is small, and the insurance expensive

The UK economy is flatlining due in part to weakness in Europe, while the US is still expanding steadily, next week's figures should say

If there is wisdom in crowds, investors should be worried about the US economy

Negative nominal interest rates might be normal, and even right