Emerging Markets
My thoughts on currencies
In this wide-ranging note, Stephen Jen offers a two-layered view of the current macro landscape: one focused on the underlying…
Read MoreChina: RMB Bonds and Equities: 2025 Outlook
2024 indeed turned out to be a ‘glass-is-half-full’ year, thanks to the fiscal interventions by Beijing. We maintain a cautiously optimistic expectation of stronger policies from Beijing in 2025.
Read MoreA big week for data across emerging markets
Episode 134: This week it’s (still) all about Emerging markets…
Read MoreChina’s Local Government Debt
What is the role played by the local governments in China’s property eco-system, and how should investors think about the risks posed by China’s local governments as the property market weakens?
Read MoreHigh US Yields Not Likely Reflecting Sticky Inflation
In this note, we focus on the period in the mid-1970s between the two oil price and US inflation spikes.
Read MoreAn Update on the China Property Sector
China’s property sector is big, but not overwhelmingly big, compared to the cycle that Japan had in the late-1980s…
Read MoreShelter Inflation Elevated Due in Part to the Fed
US headline inflation has fallen as sharply as it had risen, but core inflation has been stubbornly sticky on the downside for the past six months
Read MoreEmerging Markets H2 Roadmap 2023
We remain convinced that it is a watershed moment for the asset class.
Read MoreA Dollar Avalanche Building in China
Chinese corporates continue to hoard dollars.
Read MoreThe Problem is Debt, Not the Debt Ceiling
The looming risk of the debt ceiling triggering a default by the US is the urgent matter concerning investors.
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