20/11/08
About Us
Our Philosophy:
Capital Economics is completely independent, with no outside shareholders, no business in securities or other financial products, and no conflicting loyalties. Our loyalties are quite simply to our clients, to whom we pledge to provide full, unbiased coverage as it affects their interests, and to “tell it as we see it”, whether that is good or bad. Although we concentrate on economic questions which are relevant for decision-makers in both the real economy and in financial markets, we are not investment advisers. We do not provide investment tips. Rather, in the course of analysing the economy, we produce raw material on which good investment decisions, both real and financial, may be based.
Our economic philosophy is broad-based and pragmatic. The worst research is often based on dogma. Although we are specialists in the financial aspects of the economy, we do not believe that financial matters offer a unique or necessarily reliable guide to the workings of the economy, but rather that they have to be interpreted alongside other data. An understanding of institutional change and global trends is essential.
We are not afraid of standing out from the pack. But we are afraid of conveying messages which are confused or confusing. If we do not have a view we will say so. But when we do have one, we will not hesitate to express it forcefully – even if it is strongly against the consensus opinion. The paramount values which we seek to uphold are independence of thought, insight, clarity, brevity, accuracy and good judgment.
