"Each social formation, through each of its material activities, exerts its influence upon the civic whole; and each of its ideas and ideals wins also its place and power."
Patrick Geddes – sociologist and urban planner
In our second Market Risk Insights of 2016, we again try to add some colour to the current environment. The markets were skittish in the first quarter, as we predicted. Even the sociologist quoted above, as familiar as he was with human interaction, would have been shocked by the speed with which the mood of the market changed, seemingly much faster than in the past.
Neil Williams - Bank of England Inflation Report May 2016
Economic outlook: Time to open the other box?...