Anatole Kaletsky



Profile:
Full name: Anatole Kaletsky

Area of interest: Economics, Finance, Poliics

Journals: The Times

Email: [mailto:a.kaletsky@thetimes.co.uk a.kaletsky@thetimes.co.uk]

Website: TimesOnline / Anatole Kaletsky

Blog:

Agent: Celebrity Speakers Ltd | Speakers for Business | The London Speaker Bureau

Network:



Biography:
Education: King's College, Cambridge: Mathematics (first); Harvard University: Economics, MA (Kennedy Memorial Scholar)

Career: Joined The Economist, 1976; moved to the Financial Times, 1979, posts include: New York Bureau Chief, Washington Correspondent, International Economics Correspondent, Moscow Correspondent; from 1996, Economics Editor of The Times - responsible for all economic news and analysis; formed consultancy practice, GaveKal (with Louis and Charles Gave), 1997 - provides forecasts and policy analysis for financial institutions, multinational companies and organisations; currently The Times' principal commentator on economic and financial affairs

Current position/role: Principal Economic Commentator, Associate Editor


 * also writes/written for:

Other roles: Chief Economist at Gavekal - Independent Macro-Economic Research Geared Towards the Institutional Investor

Viewpoints/Insight: [http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article1642558.ece ''You think our age is turbulent? What nonsense]'' The Times, 12th April, 2007; see also, GaveKal core beliefs

Controversy:

TV/Radio: Frequently expert opinion and interviews

Awards/Honours: BBC's What the Papers Say awards: Newspaper Commentator of the Year, 1996; Newspaper Publishers Association's British Press Award: Specialist Writer of the Year, 1980 and 1992; Institute of Economic Affairs: Wincott Award for economic journalism, 1997; Cernobbio-Europe prize

Advisory posts: Elected to the governing Council of the Royal Economic Society, 1998; Consultant, G7 Group, 1993; Member of Advisory Board, HM Government Know-How Fund for Eastern Europe and Former Soviet Union, 1991

Speaking/Conferences:

Other: Born in Moscow, spent his childhood in Poland and Australia



Books & Debate:

 * The costs of default OCLC 11981332, 1985
 * The impact of the Japanese and German economies on the global economy and the role that the new economic superpowers will play in the 1990s OCLC 59984511, 1991
 * Simple economic concepts for complicated financial markets OCLC 61492723, 2004 (with Charles Gave; Louis-Vincent Gave)
 * Our Brave New World OCLC 62878851 / ISBN 9889879018, 2005 - see GaveKal books
 * The End Is Not Nigh, 2007 ISBN 9889-97521-1

Latest work: Capitalism 4.0 OCLC 502418361, July 2010, reviewed here by David Smith in The Sunday Times

Speaking/Appearances:

Current debate: 

The Times: Economic view
Column remit: Economics, Finance, Poliics

Sections: Features (Thursday) / Business (Monday)

Role: Principal Economic Commentator, Associate Editor

Pen-name:

Email: [mailto:a.kaletsky@thetimes.co.uk a.kaletsky@thetimes.co.uk]

Website: TimesOnline / Anatole Kaletsky

Commissioning editor:

Day published: Every Thursday - features / alternate Mondays - business

Regularity: Three-times fortnightly

Column format:

Average length: 1150 words



Articles:

 * has got it right, Cameron or Obama?'' - The two governments have pursued different paths to economic recovery. The US looks the better bet today - 2nd February 2011
 * bets the farm on an untested theory'' - The fall in GDP should come as no shock after the Chancellor’s decision to take a daring gamble on austerity - 26th January 2011
 * will trump Germany in bailout bluff'' - Both players in the euro crisis know the stakes are high, but neither will risk bringing the house down - 17th November 2010
 * pay gap is putting democracy in danger'' - Surprisingly, Left and Right agree the growing chasm between the rich and the rest risks a breakdown in social order - 10th November 2010
 * softly a federal Europe draws nearer'' - The bold deal that saved the euro from collapse will shift key policies on tax and spending beyond national control - 3rd November 2010
 * growing now but don’t be sure it will last'' - The jobs we need for recovery won’t be forthcoming unless the Bank starts up its money-printing press again - 27th October 2010
 * reasons why the cuts are doomed'' - We do need to shrink the State in the long term, but the speed and style of Osborne’s plans threaten the economy - 14th October 2010
 * world needs America to shake off its gloom'' - A toxic mood has gripped US politics. Is it just pre-election jitters or the sign of a much more serious decline? - 6th October 2010
 * navel-gazing and admit something’s wrong'' - Ben Bernanke’s defence of economics merely confirms that it is clinging to outdated and discredited theories - 29th September 2010
 * the cuts don’t work, we bank on Mr King'' - Official forecasts look good, but what if growth doesn’t happen? Don’t look to the coalition for a plan B - 22nd September 2010
 * still haven’t learnt the lessons of Lehman'' - While Britain and America act as if the crisis never happened, the rest of the world is embracing change - 15th September 2010
 * are Masters of the Universe again'' - It’s a paradox but the unfocused rage against the financiers is one reason for their sudden rehabilitation - 8th September 2010
 * news for first-time buyers: prices will fall'' - The housing market could be down for five years – which won’t help the Government or those trying to afford a home - 1st September 2010
 * can survive a dip but we risk a fatal plunge'' - If growth falters and the coalition doesn’t moderate its macho cuts, a vicious downward spiral beckons - 25th August 2010
 * the West fiddles, China will blaze ahead'' - Indulging consumers is no longer enough. Growth must come from tackling the world’s long-term energy needs - 18th August 2010
 * with banks boosts their profits'' - We demand more lending and less risky behaviour. How can we fix this paradox? - 4th August 2010
 * Europhoria last?'' - Europe has become the flavour of the month for investors all over the world. More precisely, it is the flavour of two months, since the bull market in European assets and the euro began on May 23 - 2nd August 2010
 * undemocratic survival plan for the euro'' - The single currency will probably pull through, but only a full-scale federal Europe will keep it secure - 14th July 2010
 * need for a double-dip recession'' - Will there be a double-dip recession? Suddenly, this question seems everywhere, not least in the proverbial taxi drivers’ conversations and magazine covers that are often reliable “contrary indicators” of a trend in conventional wisdom that is about to turn - 12th July 2010
 * pessimism could take us all down'' - The US is sinking into bitter self-hatred - 7th July 2010
 * there’s the rub: it was different for Canada'' - George Osborne has misunderstood the lessons of the 1990s: he should be like Hamlet, not Polonius - 30th June 2010
 * the Chancellor a helping hand'' - To judge by the reaction of the business community, the financial markets and the opinion polls to last week’s Budget, the new Government has got off to an excellent start - 28th June 2010
 * addiction is suicidal. It’s also pointless'' - BP’s real crime is wasting billions on risky exploration when new technologies are obviously the future - 16th June 2010
 * PM, you asked for some cost-cutting tips'' - Here are a few candidates for culling: Trident, quangos, child benefits for the rich and indiscriminate handouts - 9th June 2010
 * is the age of war between the generations'' - Never mind the credit crunch, it’s all those retiring baby-boomers who threaten us with national bankruptcy - 2nd June 2010
 * this call for interest rate rises'' - The ability and willingness of all big central banks to keep their interest rates near zero for most of the coming decade is the main reason to hope that a decent recovery will be possible in the world economy - 1st June 2010
 * Lehman the sequel, with Merkel as Bush'' - The big lesson of the financial crisis was that no bank must be allowed to fail. The same applies now to Greece - 26th May 2010
 * City got its way but might yet regret it'' - Spending cuts should leave the economy unscathed — taxes aimed at the financial sector will do far more harm - 19th May 2010
 * face case of buyer’s remorse'' - Bliss was it in that dawn to be alive. Throughout the past week, Wordsworth’s famous line about the French Revolution may have been ringing in the ears of many people who shared my longstanding view that the best possible outcome of the general election would be a hung parliament. That was last week. Today, the disillusionment begins - 17th May 2010
 * making sacrifices to the market gods'' - Politicians are being bullied into making rash decisions. Just look at the euro bailout - 12th May 2010
 * need a Tory-Lib Dem pact. Vote Labour'' - For Nick Clegg to exert maximum influence, he must hope that Gordon Brown’s party does not disintegrate - 5th May 2010
 * on the button at the ECB'' - The European Central Bank could become a buyer of last resort for bonds, which it would prefer to disintegration of the euro - 4th May 2010
 * Clegg needs a showstopper from Brown'' - The Prime Minister can present a decent case in tomorrow’s debate and the Lib Dems should pray he succeeds - 28th April 2010
 * fatal flaw in Clegg’s plan'' - The Lib Dems are committed to joining the euro. Just look abroad – it would be catastrophic - 21st April 2010
 * old politics is dead. But where is the new?'' - The financial crisis has killed off the certainties of Left and Right. That is why voters are so disillusioned - 14th April 2010
 * government may be our strongest option'' - In a hung Parliament the toughest economic decisions would have the backing of the majority of voters - 7th April 2010
 * reality crushes old economic theories'' - The thinking that led to the financial crisis will be challenged at last by a galaxy of academics in Cambridge this week - 6th April 2010
 * two-faced Tories can’t have it both ways'' - If Britain is facing an economic Dunkirk, we can’t protect every spending programme. If not, Cameron should say so - 31st March 2010
 * 2010: Darling finally gets the picture – even if it may turn out to be wrong'' - The Chancellor gave a view of the future that was coherent and consistent with reality, even if it may turn out to be wrong - 26th March 2010
 * rates and the savage circle'' - If governments do not cut borrowing as the recovery grows, rates will be under pressure from markets and central banks - 23rd March 2010
 * by, and watch 1992 happen all over again'' - Next week’s Budget will make or break the Tories. To win they must be specific about what they will cut - 18th March 2010
 * interest rates rise, our prospects plummet'' - Fighting inflation used to be the touchstone of economic policy. But this dusty old orthodoxy must go - 11th March 2010
 * – the pound is down again'' - A strong currency, far from being a reason for national pride, is often a sign of serious economic malaise - 9th March 2010
 * Barack Obama fails today, we’ll all be swept away'' - If the President cannot break the deadlock on health reform, the whole world could suffer the economic consequences - 25th February 2010
 * Blame the baby-boomers, not the bankers'' - The huge liability governments have assumed for baby-boomers’ pension and health costs makes public finances unsustainable - 22nd February 2010
 * you vote for, painful cuts will come'' - There’s no real argument about what needs to be done. The big question is which party will have the political will to do it - 18th February 2010
 * tragedy won’t end in the euro’s death'' - The good news: everything is in place for an EU rescue. The bad: Southern Europe’s economies will feel the pain for years - 11th February 2010
 * need a new capitalism to take on China'' - If the West isn’t to slide into irrelevance, governments must be much more active in taking control of the economy - 4th February 2010
 * elephants in the room tiptoed out of Davos'' - Has Western liberal democracy lost its prestige, leaving the government-led capitalism of China as the dominant model? - 1st February 2010
 * can relax on its bed of nitroglycerine'' - Negative comments about British bonds are not the problem – but the campaign against our most successful industry is - 28th January 2010
 * defeat will tighten squeeze on middle class'' - Republicans will fight hard to prevent the White House introducing any kind of giveaways - 25th January 2010
 * should have blamed Bush, not bankers'' - The Democrats’ disastrous defeat in Massachusetts will allow the President’s opponents to claim credit for the recovery - 21st January 2010
 * are just bonus-snaffling Marxists'' - Why did financiers think they could get away with rewarding themselves so lavishly? The answer lies in Tito’s Yugoslavia - 14th January 2010
 * test ahead for the euro'' - Before this crisis is completely finished, the cohesion of the eurozone will be tested to near-destruction - 11th January 2010
 * not the economy – and voters aren’t stupid'' - Everyone understands that you cannot go on borrowing for ever. Gordon Brown must face reality or lose the election - 7th January 2010
 * simply cannot afford a live now, pay later policy'' - The obvious parallel between the debt and climate issues is the speculative nature of all projections - 14th December 2009
 * need bankers more than they need us'' - The Government’s war on the financial industry will cost Britain dearly in jobs and tax, and picks on the wrong target - 11th December 2009
 * bank bonuses make failure more likely'' - Are bankers uniquely talented? No. If RBS got rid of the million-pound traders it could actually be more profitable - 4th December 2009
 * cheer the death of old economics'' - The orthodox mathematical model took no account of reality. The new George Soros institute should bring back some sanity - 28th October 2009
 * economy will rally – Labour won’t'' - The dividing lines over public spending cuts could spark a fundamental realignment of the Left - 24th September 2009
 * policymakers should sit tight until 2011'' - The Obama Administration’s hopes of legislating a second fiscal stimulus next year have been thwarted by opinion polls - 21st September 2009
 * is another date we should never forget'' - A year after the needless collapse of Lehman, capitalism has survived. But the aftershocks will be felt for a long time - 18th September 2009
 * wields axe should time it right'' - All parties admit public spending must be cut, but the Tories are in too much of a hurry - 10th September 2009
 * united on safeguarding revival'' - The G20 are together on policies to deal with the financial crisis. The sticking point is how to stop the next disaster - 7th September 2009
 * the City and you’ll pay a price'' - Mortgages will be harder to get, we’ll have fewer foreign holidays and Britain will be less equal - 3rd September 2009
 * over – but all is changed'' - For the man in the street to politicians and financiers, the world will never be the same again - 27th August 2009
 * cause for celebrations across Europe just yet'' - With economic figures indicating that recession is almost over, what sort of recovery can be expected? - 24th August 2009
 * harms credibility'' - Tories have good ideas, but they are being drowned out by exaggerated attacks on the Government - 30th July 2009
 * fortunes of the markets are in the charts'' - Technical analysts may be held in contempt by economists and policymakers but they are head and shoulders above everyone - 27th July 2009
 * fear rate rises, fear stagflation'' - National bankruptcy will probably be staved off, but real longer-term dangers do lie ahead - 16th July 2009
 * bank capital is not enough to avert crises'' - Reform of Britain's financial system must be joined by vetoing EU attempts to smother non-bank bodies with rules - 13th July 2009
 * golden rules for regulating the banks'' - The Government’s financial plans have worked – so far. But the devil is in the detail and much of that is still to be fixed - 9th July 2009
 * is in denial. Cuts are expected'' - It seems obvious to everyone except the PM that spending has to be reined in. It could even win votes - 2nd July 2009
 * the ECB’s fig leaf has withered'' - The ECB is printing money faster than the Fed and taking bigger risks with credibility and solvency - 29th June 2009
 * could break America'' - President Obama's reform plans confront vested interests on the Left and Right - 18th June 2009
 * signals the end of the financial crisis, but what caused it?'' - We can blame the errors of a man almost forgotten: former Treasury Secretary Henry Paulson - 15th June 2009
 * stumbles closer to historical oblivion'' - The crisis of capitalism was supposed to be the Left's moment. Instead, Europe's voters decisively rejected left-wing parties - 11th June 2009
 * great secret EU bailout'' - Germany is at the heart of a huge plan to prop up crippled European economies - 4th June 2009
 * the threat of a Great Depression vanished?'' - Still not convinced? Green shoots are sprouting into a jungle around the world - 1st June 2009
 * sneezes and the world is germ-free'' - The financial crisis has emboldened countries such as Brazil and South Africa. The global balance of power is shifting - 28th May 2009
 * house market may be on the turn'' - The affordability of property is now back near its average. And the trend for prices is likely to be up - 21st May 2009
 * waits for Germany to come to the rescue'' - Most plausible escape for Europe from this vicious circle will be for Berlin to abandon its philosophy of fiscal rigour - 18th May 2009
 * deflation: inflation is the fear'' - Experts fear interest rates will soar as recovery comes. That must not be allowed to happen - 14th May 2009
 * will still rule the post-crisis world'' - As green shoots sprout on Wall Street, other nations are emerging from the recession in a worse shape - 7th May 2009
 * longest assisted suicide in history'' - The Budget is a death blow for Labour - because Brown prefers playing politics to proper strategy - 30th April 2009
 * meant for bankers could kill the welfare state'' - My first reaction to Wednesday’s Budget was to focus on the increase in the top tax rate, rather than the explosion in public borrowing that horrified other commentators - 27th April 2009
 * on borrowing - and hope for the best'' - There is no point in agonising about the state of the public finances; the economy will bounce back quicker than we expect - 16th April 2009
 * braces for the perfect storm'' - If a financial emergency required immediate action, could Europe cope? That is the big question - 9th April 2009
 * doubts aside, G20 is right to borrow and spend'' - If, as appears quite likely, this spring turns out to be the low point of the deepest global recession of the postwar period, then history will doubtless record the G20 meeting last week as a triumph - 6th April 2009
 * and a half cheers for G20 triumph'' - The Anglo-Saxon economies with low interest rates can be more optimistic than the eurozone and Japan - 2nd April 2009
 * for one: summiteers are united in a time of crisis'' - Far from being doomed to failure, as widely reported in Britain, this week's G20 summit appears to be assured of success - 30th March 2009
 * moralism and economics'' - Public hatred of bankers and their booty blocks the expansion needed to stop world economic collapse - 19th March 2009
 * stability is the key to recovery from recession'' - This time France and Germany are right — and America is wrong - 16th March
 * your act together, Obama'' - As finance ministers gather, the greatest threat to the global economy is America's failure of resolve - 12th March 2009
 * up the rule book: Gail for Governor'' - As the University Challenge fiasco shows, sometimes regulations have to broken - 5th March 2009
 * longer Lloyds is left, the worse things will get'' - Economics can tell us if recovery will be accelerated and strengthened if authorities pursue certain policies - 2nd March 2009
 * last Obama's got it right. Will we?'' - The choice is spend huge sums to save banks or face catastrophe by driving them to nationalisation - 26th February 2009
 * patient requires radical surgery'' - Unless governments stop posturing for the sake of headlines, nationalisation of every bank is inevitable - 12th February 2009
 * Now is the time for a revolution in economic thought'' - It was not an economist but the mathematician Benoît Mandelbrot Author who came closest to the true causes of this crisis - 9th February 2009
 * the forgotten guilty men'' - Academics are to blame for the financial crisis. They too deserve to be hauled into the dock - 5th February 2009
 * I would back the Prime Minister for a Nobel Prize'' - I had resolved to leave for the ski slopes when the atmosphere was suddenly transformed. Flash Gordon swirled into Davos - 2nd February 2009
 * me, the experts here at Davos don't know either'' - Steer clear of economic forecasts - but remember that things are unlikely to be as bad as the doom-mongers say - 29th January 2009
 * for Darling to spell it out — not all loans are the same'' - Investors have responded churlishly and perversely to the Government's agenda, simply because they are too impatient - 26th January 2009
 * 1 for Obama: reinvent capitalism'' - Obamanomics will not try to rebuild America on the principle that markets are always right - 22nd January 2009
 * God for Peter Mandelson'' - Government's saner, approach to the credit crunch and Heathrow is down to the Business Secretary - 15th January 2009
 * may be next for a test to breaking point'' - in the year ahead, focus of global economic troubles is likely to shift from Britain and America to continental Europe - 12th January 2009
 * savers and make them spend money'' - Near-zero interest rates and even a tax on bank deposits are necessary to force those with cash to use it productively - 8th January 2009
 * fundamentalism took us close to disaster in 2008'' - Almost everyone underestimated this year's disasters - apart from the Jehovah's Witness economists who had been predicting the end of the world every year for the past decade - 29th December 2008
 * hard choices. We need pampering'' - Central banks are right to flood the world economy with newly printed money - so long as they know when to stop - 18th December 2008
 * B? Let's look at C, D and E'' - It looks unlikely that financial conditions will return to normal in the near future- the question now is what more needs to be done - 15th December 2008
 * spend... then recoup it in energy taxes'' - Why taxing petrol more fiercely could plug the budget black hole, revive the economy - and help the car industry too - 11th December 2008
 * the irresistible financial force will prevail'' - Economic paralysis seems like an immovable object. But dramatic interest rate cuts and other measures can shift it - 4th December 2008
 * Henry Paulson eclipse could be the global turning point'' - The only way to stop the Doomsday Machine completely was to come up with a new formula for government financial support that would reward and encourage private shareholders in banks and insurance companies, instead of wiping them out - 1st December 2008
 * politics but good economics'' - Claims that Britain is on the brink of bankruptcy are wrong. Every pound of savings is a pound borrowed - 27th November 2008
 * Darling’s step into the unknown'' - J. K. Galbraith once said that there are two kinds of economists: those who don’t know what will happen and those who don’t know they don’t know - 25th November 2008
 * may drown in clear blue water'' - With the collapse of their poll lead, the Tories have reverted to type and adopted a thoroughly bad policy - 20th November 2008
 * fall may herald recovery not doom'' - 17th November 2008
 * chaos does not rule out economic recovery'' - 15th November 2008
 * an emergency. Long-term cures must wait'' - The world economy is suffering from two quite separate problems. Unfortunately they need contradictory solutions - 13th November 2008
 * sensational move'' - For the first time since the aftermath of Black Wednesday, Britain is paying less for its money than the eurozone - 10th November 2008
 * birth of liberal America'' - The US is no longer conservative. The Democrats have won a mandate to move the country leftwards - 6th November 2008
 * of guard could administer adrenalin shot'' - If tomorrow's election delivers an economic mandate to a competent new Administration, financial markets will stabilise - 4th November 2008
 * must act now to escape from limbo'' - Only bold emergency action before the President is inaugurated can prevent a deep recession and raise everyone's spirits - 30th October 2008
 * rate cuts can avert disaster'' - Swift action must be taken to lower interest rates to prevent chaos spreading to rest of economy from financial sector - 20th October 2008
 * now to stave off depression'' - Moderating the recession requires drastic changes in monetary, fiscal, financial and international policy - 16th October 2008
 * plan may stave off depression'' - Two of his innovations may stabilise the banking system. But it will be only a small mercy - 9th October 2008
 * is essential to prevent a loss of confidence in banks'' - It's just an old-fashioned bank run . . . just like the one in the popular children's story Mary Poppins - 6th October 2008
 * 'Punish bankers' is not a rescue plan'' - Vindictive measures will not solve the crisis, but helping out bank shareholders could help - 1st October 2008
 * just didn't have a clue'' - US Treasury Secretary's staggering incompetence is now acknowledged and is a disaster for Bush - 25th September 2008
 * a breathless week, I'm optimistic again'' - Fears of bank failures and financial panics should soon disappear as the US Treasury takes radical new steps - 20th September 2008
 * will bring down all the banks'' - If the Lloyd's-HBOS merger does not work, wholesale nationalisation of banks is inevitable - 18th September 2008
 * Paulson has created a crisis'' - The US Treasury Secretary has made the rescue of other troubled banks almost impossible - 16th September 2008
 * chaos does not rule out economic recovery'' - 15th September 2008
 * all capitalists now? Not any longer'' - An historic turning point has been reached: the West is ditching its faith in free markets and private enterprise - 12th September 2008
 * intervention should assure America's recovery'' - The rescue of Fannie Mae and Freddie Mac, America's two dominant mortgage providers, is bigger than any previous government intervention ever - 8th September 2008
 * pound? The only way is up'' - Despite the Government's ineffective ‘rescue package', the outlook is looking brighter for Britain - 4th September 2008
 * what crisis? Alistair Darling’s just got his figures wrong'' - 1st September 2008
 * Republicans need a good kicking'' - The Democrats may be faltering - but they must keep faith that the electorate will punish Bush - 28th August 2008
 * in no danger of 'sick man of Europe' relapse'' - Does the fact that Britain's 16-year period of uninterrupted growth ended this week really matter to anyone but statisticians? - 25th August 2008
 * puts a spoke in Brown's wheel'' - Breaking-up BAA will improve passenger conditions and save Britain from an environmental disaster - 21st August 2008
 * base gloom on old news'' - My view remains that this credit crunch episode is likely to be remembered as one of those extremes of panic in financial markets - 28th July 2008
 * needs a new golden rule fast'' - Abandoning Gordon Brown's framework for fiscal prudence is no bad thing. It made no sense at all - 24th July 2008
 * real reason bankers feel so gloomy'' - We could be on the verge on the greatest slump of all time... if you ignore the encouraging figures - 17th July 2008

archive



Links:

 * Hack watch: The security services and Whitehall have long kept dossiers on certain journalists but, characteristically, New Labour has widened the focus - as an internal cabinet memo obtained by the Guardian shows - Seumas Milne, Kevin Maguire, The Guardian, 22nd January 2001