economics

Investment Strategy

Get used to lower growth: Credit Suisse

Credit Suisse is telling its private clients to get back into equities, but says they must be prepared for lower than historical returns over the next 10 or so years. David McDonald, the head of strategy and research in Australia for Credit Suisse private banking, told a media briefing that the bank was forecasting “3.5 […]
Investment Strategy

Asset manager Pain makes big calls

When Jonathan “Jonty” Pain was growing up in apartheid South Africa, he shocked his father by leaving the nation’s most prestigious all-white male boarding school, Hilton. Pain wanted to go to the multi-ethnic school, Waterford in Swaziland. But the school was dismissed by his father as a hangout for “drug addicts and hippies”. Against his […]
Investment Strategy

Macfarlane ignores most business reporting

Ian Macfarlane is content to ignore most business reporting. The former Reserve Bank of Australia governor did, however, read the work of six or so economic reporters. “We talked to the press who had a long-standing commitment to the beat,” says Macfarlane. “Part of your job is getting your message out to the wider public.” […]
Opinion

Time for action on governance but who should be the catalyst?

When Barack Obama was awarded this year’s Nobel Peace Prize it tended to overshadow all other prizes, including the one for economics. The Nobel prize for economics went to two US academics, Elinor Ostrom of Indiana University and Oliver Williamson of University of California Berkeley, for years of work into the efficiency of institutions, such […]
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