Duncan Weldon
12 June 2026
The insane assumption behind the value of Musk’s loss-making SpaceX
Elon Musk is asking people to believe that his company is going to dominate the AI market of the future, which will be worth the entire value of today’s US economy. Sound likely to you?
Read the full article04 June 2026
Will Trump’s Iran War cause a global economic crash?
After the 2008 crash, it took a global effort to get the world economy back on track. But if another disaster did occur, with Trump in power, cooperation would be much harder
Read the full article06 May 2026
The US economy cannot escape the Iran war, no matter what Trump says
It may be self-sufficient in energy, but America can’t shut itself off from the global economy. As a result, the president’s war of choice in the middle east is about to make everything a lot more expensive
Read the full article29 April 2026
So your mortgage has just gone up. But where does that money actually go?
Trump’s war against Iran has led to a sharp, upward change in the path of interest rates. The question, as ever – who benefits?
Read the full article20 March 2026
How Brexit screwed the economy – a horror story
We were lab rats in one of the biggest economic experiments of all time. It was a disaster, and it’s getting worse all the time
Read the full article19 July 2025
Britain’s economy faces another 1920s-style meltdown
When the UK economy stalled back in the 1920s, it changed the shape of British politics. A century later, it might be happening again
Read the full article