Edward Hadas

The oil price is just plain wrong

By Edward Hadas
January 5, 2015

The price sign outside Costco in Westminster, Colorado, shows gas selling for $1.81.9 for the first time in years

The oil price is still too high, often too low and much too volatile. In other words, this is a market that doesn’t work well for anyone.

The virtues of job fidelity

By Edward Hadas
December 24, 2014

After a dozen job changes over 35 years, it is too late for me to become a loyal employee. But I know the model of the faithful worker. The dental assistant who used to tend to my teeth worked at the same small practice for about 35 years before retiring, with deep regret, two years ago. She stopped by regularly afterwards, because she wanted to stay in touch with the community that had defined so much of her life.

Dubai the global microcosm

By Edward Hadas
December 19, 2014

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Making money safe

By Edward Hadas
December 12, 2014

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Cultural gloom spawns economic decay

By Edward Hadas
December 4, 2014

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

A healthy attitude to deflation

By Edward Hadas
November 27, 2014

The experts got 2014 wrong. As Barclays points out in its latest Global Outlook for investors, the consensus at the beginning of the year was that GDP growth would pick up fairly strongly in developed economies, government bond yields would finally rise and commodity prices would hold steady at elevated levels. Wrong, wrong and wrong.

FX should be the last home for scandal

By Edward Hadas
November 20, 2014

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Lift the curse of shareholder value

By Edward Hadas
November 14, 2014

“Shareholder value maximisation” belongs in the trash heap of economic history. The fact that it is still popular needs some explanation.

My career in the financial jungle

By Edward Hadas
November 6, 2014

I was unceremoniously kicked out of my last job in finance early in 2004. It was a career turning point for me after 24 years as an equity analyst at eight firms – brokers and investment managers – in both the United States and Europe. I took shelter in financial journalism. Much has changed in the money business since then. But reading about the behaviour that has led to a litany of huge fines, I fear that too much remained the same, at least until very recently.

Fear no robot overlords. They can become our best friends.

By Edward Hadas
October 30, 2014

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The “konditorei” in Sankt Florian, Austria offers fine pastries and wonderful hot chocolate. It was the perfect location to interrupt a holiday for a bit of work. Over a slice of strudel, I spent a few minutes last week contemplating my colleague Andy Mukherjee’s well argued article about the danger robots pose for the modern economy. Looking around the bakery-cafe, I saw why Andy should be proven wrong.