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Good economic news and ominous tail risks

6th January 2017 It’s not for nothing that economics is sometimes called the dismal science. Yet it isn’t always true that economists are gloomy. Now is such a moment, especially compared with this time last year, when equity markets were

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"George Magnus does not look like a prophet. Yet this is the man widely acknowledged to have predicted that the US sub-prime mortgage crisis would trigger a global recession." Josephine Moulds, The Daily Telegraph