Boaz Shoshan

So, who’s going to be our new prime minister? Or will Theresa May manage to wrestle on in the mud at No. 10? Never a dull moment these days. If nothing else, we should at least appreciate the theatre –…

I was away last week in Istanbul. Nearly six months after my daughter, Clementine, was born, it was time for my wife to return to work. I took her away, while Clementine stayed behind with the dog. Very peaceful indeed,…

On the very same day Lehman Brothers filed for bankruptcy, the art market was booming in ways nobody had seen before. Damien Hirst had bypassed his art dealer and his gallery, and listed a large collection of his work directly…

The “reach for yield” – where investors take on more risk to scrape ever smaller returns – continues, despite the Federal Reserve and the Bank of England raising rates. It’ll take many more rate hikes without something breaking before we…

If you were a government looking to default on some debts and didn’t want to ruffle many feathers, who would you decide to default on? Which lender would be the most politically palatable victim? And which would damage your credit…

A short letter today. I’m just off to host a quarterly conference call with Tim Price for subscribers of The Price Report. With the tenth anniversary of Lehman Brothers’ bankruptcy just two days away, it’s a time for reflection. What’s…

“What joins men together is not the sharing of bread but sharing of enemies.” – Cormac McCarthy, Blood Meridian More than a year ago when we had a hung parliament, I suggested in Capital & Conflict that those wanting power…

Another week, another member of the elite rings the alarm on the growing risk in the financial system. Harald Malmgren was a senior economic adviser to presidents John F. Kennedy, Lyndon B. Johnson, Richard Nixon and Gerald Ford. A consummate…

Bloomberg reports that gold investors are “giving up hope”. Speculators in the gold futures market are making record bets on a crash… But if you tune out the noise of the media, hold your breath, and listen very closely… you…

4 July 1989. As Americans awoke to celebrate Independence Day, a lone Soviet fighter jet took off from Poland and began flying west. The pilot of the MiG-23 “Flogger” did not explain himself as he soared across Europe. Crossing Polish…