
Bull market breather or beginning of the end?
Stock markets have finally taken a breather over the last fortnight, although the S&P 500 has made a new, marginal, high this week. Cause…
Read MoreStock markets have finally taken a breather over the last fortnight, although the S&P 500 has made a new, marginal, high this week. Cause…
Read MoreGreek bonds have been the best performer in the Eurozone year to date IMF austerity is still in place but there are hopes they…
Read MoreThe IMF revised Chinese growth forecasts higher in July – were they premature? Retail sales, industrial output and fixed investment have slowed The Real…
Read MoreSuper-cycle theory In a 2012 paper for the United Nations/DESA – Super-cycles of commodity prices since the mid-nineteenth century – Bilge Erten and José Antonio Ocampo…
Read MoreBitcoin (BTC) has tripled and then halved since late March Even at BTCUSD 2000 total issuance amounts to $33bln Historic volatility is high (80%)…
Read MoreCentral Bank balance sheet adjustment – a path to enlightenment? The balance sheets of the big four Central Banks reached $18.4bln last month The…
Read MoreProtectionism is on the increase among developed nations The benefits of free-trade have been most evident in developing countries Short-term effects on financial markets…
Read MoreA corporate tax cut from 35% to 15% will cost US$200bln/annum A Border Adjustment Tax could raise US$100bln/annum The boost to GDP growth is…
Read MoreThe challenge to low-cost manufacturing in emerging markets is from technology Some industries will benefit but many jobs will be displaced globally The mercantilist…
Read MoreWith 30yr Swap yields below T-bond yields arbitrage should be possible Higher capital requirements have increased the cost of holding T-bonds Central clearing has…
Read More