How tiny satellites could change the way we invest

A new fleet of shoe-box sized satellites could soon be providing investors with proper, real-time economic data, says Merryn Somerset Webb.

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Satellites the size of a shoe-box could provide proper, real-time economic indicators

When I interviewed Roger Bootle of Capital Economics a few months ago, we agreed that one of things that makes economic forecasting tricky is the impossibility of knowing what is happening right now. Neither MoneyWeek nor Capital Economics has ever been approached by the statisticians who make up our GDP numbers to fill in the relevant surveys despite both being fast-growing small businesses.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.