The Financial Times’ chief economics commentator, Martin Wolf, has put forward a convincing explanation for the ultimate cause of the … Continue reading “Demography and the financial crisis”

I argued in a previous blog article that an ageing population is not necessarily problematic provided pay-as-you-go (PAYG) pension systems are scaled … Continue reading “China: the mother of all demographic time bombs”

The UK has recently undergone a banking crisis, the reasons for which have been much analysed, but basically boil down … Continue reading “A perfect storm: the UK’s next banking crisis”

By continually blocking reforms to public sector pension schemes, the leaders of the public sector unions may be dooming their … Continue reading “Why the last laugh will be on Sir Humphrey”

There is a general perception that the ageing population of developed countries will lead to some kind of crisis or … Continue reading “How I learned to stop worrying and love the demographic time bomb”

If you are a company, you have to include pensions liabilities as a debt in your accounts. However, governments, while … Continue reading “Are Western governments heading for bankruptcy?”