Every year in this country, we pay fund managers around £7.3bn in fees to control our money. Why? It’s a question that we’ve been asking ourselves for years. So we called in Tom Bulford, a former fund manager, to give us a good answer. Here’s what he said.
Merryn Somerset Webb talks to Bill Bonner about economic cycles, and the 'catastrophic credit crisis' that will make 2008 look like a picnic.