Euphoria can blind us to what follows. Keynes presciently made that point a century ago. His insight is worthy of consideration today as bullish
Andrew Milligan is an independent economist and investment consultant. He is a Board member of the Asia Scotland Institute, an adviser to the Health Foundation, to Balmoral Asset Management and to the Educational Institute of Scotland, and a Fellow of the Society of Professional Economists. From 2000-20, Andrew was the chief market strategist for the global fund manager Aberdeen Standard Investments.
After graduating from Bristol University, Andrew started in H.M. Treasury where he specialised in the IMF and World Bank’s handling of the Latin American debt crisis. He then worked in turn for Lloyds Bank, the broker Smith New Court, and New Japan Securities as an international economist. In 1995 he entered the asset management industry, becoming Head of Economic Research and Business Risk for Aviva Investors. In 2000 he moved to Edinburgh to work as the Head of Global Strategy for Standard Life Investments, in charge of a team covering economic and market research, tactical and strategic asset allocation decisions, client advice and communications for retail and institutional clients globally.
After its merger with Aberdeen Asset Management to form Aberdeen Standard Investments, the company became the second largest active fund manager in Europe with over 30 offices across the major financial centres. Andrew is well known as a public speaker while his writing, commentary and interviews have appeared in all the mainstream media.
Population growth and economic expansion are on a trajectory to overwhelm nature, leading to biodiversity collapse.
Investors wield huge power to change corporate agendas. As pressure builds for all players in business to tackle the climate change threat,
A rare discussion with one of Europe’s leading economists and global thinkers.
A range of countries are now asking their central banks to include risks from climate change in their list of responsibilities. Given how
Carbon pricing is an idea whose time has come. It is commendable that Joe Biden has begun to climb the climate mountain, but a shame he is
Sound money requires utility and trust. That’s why digital currencies are more likely to succeed than Bitcoin.
US-China economic and trade relations need a re-boot. The rhetoric from both sides is encouraging, compared to the mishaps of the past four
The recent uptick in bond yields bears watching, for the implications could be far-reaching for markets, economies and politics.
Humanity faces critical decisions in the 2020s. The coronavirus was a warning shot about our misalignment with nature – a prelude, perhaps,
America has been drifting away from Europe for decades. A Biden presidency cannot change this. Europe must come to terms with the currents,
The United States comprises 4% of the world’s population but consumes over 16% of its energy. It is high time for the United States to once