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Steen Jakobsen: "Every time this has been the case in history, it has ended in bubble and tears."

Business quote of the day.

Every time this has been the case in history, it has ended in bubble and tears.

Steen Jakobsen, chief investment officer at Saxo Bank, casts doubt on the long-term effectiveness of US Federal Reserve stimulus measures. Global markets leapt after it was announced that the Fed would pump $40bn into the US economy each month until it saw a sustained upturn in the weak jobs market.  “This could be the day where the Fed did too much”, Jakobsen added.

Helen Roxburgh is the online editor of economia.

Helen Roxburgh is the online editor of Economia

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We're hiring! Join the New Statesman as an editorial assistant

The NS is looking for a new recruit.

The New Statesman is hiring an editorial assistant, who will work across the website and magazine to help the office run smoothly. The ideal candidate will have excellent language skills, a passion for journalism, and the ability to work quickly and confidently under pressure.

The job is a broad one – you will need to understand the requirements of both halves of the magazine (politics and culture) as well as having an interest in the technical requirements of magazine and website production. Experience with podcasts and social media would be helpful.

The right person will have omnivorous reading habits and the ability to assimilate new topics at speed. You will be expected to help out with administration tasks around the office, so you must be willing to take direction and get involved with unglamorous tasks. There will be opportunities to write, but this will not form the main part of the job. (Our current editorial assistant is now moving on to a writing post.)

This is a full-time paid job, which would suit a recent graduate or someone who is looking for an entry into journalism. On the job training and help with career development will be offered.

Please apply with an email to Stephen Bush (Stephen. Bush @ with the subject line ‘Editorial Assistant application’.  

In your covering letter, please include a 300-word analysis of the strengths and weaknesses of the New Statesman. Please also include 500 words on what you consider to be the most interesting trend in British politics, and your CV as a Word document. 

The deadline for applications is noon on Monday 12th October.