Gold •129 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 978.50 | -20.60 | -2.06% | |
WTI Crude •1 day | 70.38 | -1.98 | -2.74% | |
Gasoline •1 day | 2.013 | -0.041 | -2.00% | |
Ethanol •129 days | 2.161 | +0.000 | +0.00% | |
Silver •129 days | 30.82 | +1.16 | +3.92% |
Silver • 129 days | 30.82 | +1.16 | +3.92% | ||
Copper • 129 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 1 day | 73.87 | -1.76 | -2.33% | ||
Natural Gas • 1 day | 2.669 | -0.024 | -0.89% | ||
Heating Oil • 1 day | 2.239 | -0.048 | -2.08% |
Contributor since: 26 Feb 2010
Andrew Smithers, founder of Smithers & Co., is also columnist for London's Evening Standard and the Tokyo Nikkei Kinnyu Shimbon's Market Eye, and is regularly quoted in the New York Times, Barron's, Forbes, The Economist, The Independent, and the Financial Times.
Financial Times (Comments page), 30th August 2007 One frequent claim used to calm fears in the recent market turmoil has been that "corporate balance sheets…
Originally published in the Financial Times, 4th January 2006. The FT reports regularly on the views of economists and stockbrokers. Readers might be intrigued by…
Talk at Politeia in London. Stating the Issue. The economics of the pension debate seem to me to have been bedevilled by confusion between household…
Stock market returns over the next 10 years or so are set to be very poor. The stock market resembles roulette in several ways. In…
The Sunday Times, 16th May, 2004 Unlike most articles about investment, which tell people how to make money, this one will try to persuade you…
Nikkei Business, 23rd February 2004 The fall of communism has not brought an end to ideological disputes about economics. European and American politicians routinely rubbish…
Talk to the City Monetary Group. I am expecting something of a revolution, over the next few years, in the assumptions that are made about…
Nikkei Kinyu "Market Eye" Column., 26th September 2003 Japan is experiencing a cyclical upturn, which the optimists hope will turn into a sustained recovery. The…
Stock markets rise and fall more than they should on any rational basis. This is usually shown by excessive optimism when times are good and…
Fashion, as much as theory, drives economic policy. The public debate is simplistic. Names are given to policies. Keynesians, monetarists and supply-siders are supported like…
As the prospect of Euro entry recedes, there has been a welcome improvement in the quality of the debate. There is a good case for…
Central Banking (Quarterly Journal vol XIII no 4 On the 20th March, a new Governor of the Bank of Japan took over. The previous incumbent's…
The most interesting feature of the Scottish elections was the pledge by the Nationalists to cut business taxes. It shows why Scotland and England should…
Press comment on the budget has been sharply divided. Most writers have been scornful of the Chancellor's economic forecasts, while a few believe that he…
Gordon Brown has got his sums wrong. Next week I expect him to tell us that tax revenue is lower than he expected. But this…
Equities are risky. This is why they give better long-term returns than bonds or cash. This truth was repeatedly and foolishly denied in the bubble…
The United Nations has just published a new report on the world's population. The threat of a world with standing room only has become less…
The difficulties facing the US economy are largely unrelated to the Middle East. Forecasters are overplaying the effect on confidence of the possible Iraq war.…
One of the most persistent economic fallacies has been the idea that cutting costs is good for an economy. Probably the saddest example of this…
We are everywhere being bombarded with scare stories about ageing populations being unable to afford to retire. The standard solution is higher savings and, notably…