A Long Time In Finance

By Jonathan Ford and Neil CollinsBusiness

A Long Time In Finance episodes

May 12, 2023 "Hosepipes No; Dividends Yes!"
England's water utilities have been under fire for leaks and discharging sewage into the rivers, something we are told they don't have the cash for. So why are they paying out huge dividends, which almost tripled last year to £1.4bn? Neil and Jonathan are joined by David Hall, visiting professor at Greenwich university, to peer into the murky world of utility financial flows.

Trigger warning: John Stuart Mill, private monopolies and nationalisation are all discussed.

Presented by Jonathan Ford and Neil Collins.
With David Hall.
Produced and edited by Nick Hilton for Podot.
In association with Briefcase.News
Hosted on Acast. See acast.com/privacy for more information.
26 min
May 05, 2023 Man United and the Football South Sea Bubble
The famous football club's owners, the Glazers, have put it up for sale for $7bn - or 10 times revenues. But instead of laughing out loud, several buyers are circling. With valuations at fever pitch. Neil (a Tranmere Rovers obsessive) and Jonathan talk to Kieran Maguire, football finance academic, about whether England's Premier League can sustain this sort of madness.

Presented by Jonathan Ford and Neil Collins.
With Kieran Maguire.
Produced and edited by Nick Hilton for Podot.
In association with Briefcase.News
Hosted on Acast. See acast.com/privacy for more information.
25 min
April 28, 2023 Succession: Does it all Add Up?
There is a bit of a general spoiler alert this week as Neil and Jonathan talk to Louis Ashworth, FT Alphaville's resident Succession expert about the TV melodrama. Does the financial side of the plotline make any sense? Should the family sell Waystar Royco to GoJo? How big are the children's stakes and what are they actually worth? Is Kendall a billionaire or a messy centimillionaire? There's also an unscheduled reference to Wolverhampton and Dudley Breweries.

Presented by Jonathan Ford and Neil Collins.
With Louis Ashworth.
Produced and edited by Nick Hilton for Podot.
In association with Briefcase.News
Hosted on Acast. See acast.com/privacy for more information.
24 min
April 21, 2023 Auf Wiedersehen, Nuclear Power
The country which first achieved nuclear fission has just become the third (behind Italy and Lithuania) to phase out its entire nuclear fleet. An odd time to do it, when Europe has just cut off Russian gas and the main alternative is to burn more coal. But that's the Green Party for you. Neil and Jonathan discuss the politics of Germany's contentious phaseout with Mark Nelson, energy consultant and nuclear advocate, and its economic consequences.

Presented by Jonathan Ford and Neil Collins.
With Mark Nelson.
Produced and edited by Nick Hilton for Podot.
In association with Briefcase.News
Hosted on Acast. See acast.com/privacy for more information.
25 min
April 14, 2023 Crisis? What Banking Crisis?
After four banks collapsed in March, including the Swiss giant Credit Suisse, is it time to start worrying about a new banking crisis, just 14 years after the last one? Neil and Jonathan talk to financial historian Edward Chancellor about the challenges posed to the financial system by interest rates shooting up after a long period of historic lows, the risks for central banks, and why bankers' addiction to "dangerous carry" may come back to bite investors in the rear.

Presented by Jonathan Ford and Neil Collins.
With Edward Chancellor.
Produced and edited by Nick Hilton for Podot.
In association with Briefcase.News
Hosted on Acast. See acast.com/privacy for more information.
26 min
April 07, 2023 Nigel Lawson: In Memoriam
In his youth, he commanded a motor torpedo boat called HMS Gay Charger, and in later life became a Mousquetaire d'Armagnac. In between, Nigel Lawson was Neil's second favourite Chancellor of the Exchequer since the Second World War. We discuss the life and achievements of Margaret Thatcher's most intellectually confident Number 11 neighbour, their turbulent relationship, and the decisions that still mark the way we live now.

In association with Briefcase.News
Hosted on Acast. See acast.com/privacy for more information.
19 min
March 31, 2023 The Nobel Prize in Economics for Poets
Who knew that Samuel Taylor Coleridge, opium-nibbling author of Kubla Khan, also had views on the business cycle and foreshadowed Keynes' ideas by a century? Or that Walter Scott extolled the virtues of paper currency so powerfully that he saved the Scottish banknote, which bears his image in gratitude to this very day? Neil and Jonathan talk to John Ramsden author "The Poets Guide to Economics" about the economic insights of some of our greatest poets from Defoe to (Ezra) Pound, and how they helped to shape the world in which we live today.

Presented by Jonathan Ford and Neil Collins.
With John Ramsden.
Produced and edited by Nick Hilton for Podot.
Hosted on Acast. See acast.com/privacy for more information.
28 min
March 24, 2023 Who Killed the UK Stock Market?
In recent years, companies have been deserting the UK stock market as if it were a sinking ship. But what brought on this sudden aversion? According to some, Britain's pension funds are the culprits, and Exhibit A the traditional defined benefit schemes that used to dominate the savings scene. Neil and Jonathan talk to William Wright, supremo of think tank New Financial, about how this shocking crime came about, name the victims, and ponder what can be done about it.

Presented by Jonathan Ford and Neil Collins.
With William Wright.
Produced and edited by Nick Hilton for Podot.
In association with Briefcase.News
Hosted on Acast. See acast.com/privacy for more information.
27 min
March 17, 2023 SVB and The Shrinking of "The Bezzle"
"At any given time there exists an inventory of undiscovered embezzlement in—or more precisely not in—the country’s business and banks. It varies in size with the business cycle. In good times, people are relaxed, trusting, and money is plentiful.In depression, all this is reversed. Money is watched with a narrow, suspicious eye. The man who handles it is assumed to be dishonest until he proves himself otherwise. The bezzle shrinks." Neil, Jonathan and Izabella Kaminska of The Blind Spot apply JK Galbraith's concept of "the Bezzle" to Silicon Valley Bank's collapse. With interest rates rising, they conclude, the bezzle is shrinking.

Presented by Jonathan Ford and Neil Collins.
With Izabella Kaminska.
Produced and edited by Nick Hilton for Podot.
Hosted on Acast. See acast.com/privacy for more information.
26 min
March 10, 2023 The New Absentee Landlords: How Fund Managers Gobbled Our Infrastructure
How did fund managers end up controlling so much of the essential services on which we rely, from water to electricity and property? Who gave them the money? And does it matter that they do? Neil and Jonathan talk to author Brett Christophers, whose new book Our Lives in Their Portfolios argues that the giant funds that dominate the landscape are driven by terrible incentives - and that's why they are running our infrastructure into the ground.

Presented by Jonathan Ford and Neil Collins.
With Brett Christophers.
Produced and edited by Nick Hilton for Podot.
Hosted on Acast. See acast.com/privacy for more information.
30 min

About A Long Time In Finance

From the publisher's feed

The long view of finance, markets and money as seen by two veteran City editors, Neil Collins and Jonathan Ford, presented in partnership with The Library of Mistakes.

Hosted on Acast. See