Specialisation improves efficiency – but it also leads to tunnel vision and blind spots. This paradox at the heart of modern life, and how to resolve it, are the topics of Gillian Tett’s new book The Silo Effect.
The steep and synchronised falls in the world’s main stock markets on Monday, August 24, 2015 caught investors by surprise. Yet in light of the disappointing economic fundamentals of the past few years, the real question is perhaps not why markets stumbled but why asset prices were so high in the first place.
In the July 5, 2015 episode, I am one of those with whom Mike explores the past, present, and future of one of the most basic, but underrated, cogs of our modern economic systems, as he asks Why Do We Need Cash?
Many more episodes of The Why Factor are available here.
The subject of Philip Howard’s Pax Technica — the emerging “internet of things” — could not be more timely and important; and its central premise — that this new stage in the evolution of the web has political implications that will match or even outstrip its commercial ones — is both striking and convincing.
The US — finally — is back. Strong growth, falling unemployment, rising confidence and a buoyant stock market all say so. The rest of the world, meanwhile, seems stuck in the doldrums. Should this divergent dynamic concern investors?