Dr Peter Warburton is director of Economic Perspectives Ltd, a consultancy, and managing director of Halkin Services Ltd, an international risk analysis service. He is economic advisor to Ruffer LLP, an investment management company. He spent fifteen years in the City as economic advisor and UK economist for the investment bank Robert Fleming and at Lehman Brothers. Previously, he was an economic researcher, forecaster and lecturer at the London Business School and what is now the Cass Business School. He published Debt and Delusion in 1999 and edited the IEA Yearbook of Government Economic Performance 2002/03. He is a contributor to the Practical History of Financial Markets course run by the Stewart Ivory Foundation at Edinburgh Business School and teaches occasionally at Cardiff Business School.