Global Macro
Too Hot or Too Cold?
Ultimately, we see the ECB, BoE and BoJ as the three bears…
Read MoreChina’s Fictional Growth
Extract from our “China’s Fictional Growth” research paper, published 22nd November 2021…
Read MoreTransitory Retirement?
There have been two significant developments since last week…
Read MoreOn a Roll?
From our perspective, the fundamental backdrop continues to support USD appreciation…
Read MoreAin’t No Stoppin’ US Now?
From where we stand there is little to suggest that the US is stoppin’ now…
Read MoreLest We Forget?
Against the backdrop of Remembrance Day, it is perhaps a worthy time to take a step back and contemplate, reflect…
Read MoreThe Calm After the Storm?
This week’s blog could well have been called ‘Reaction, Reaction, Reaction’…
Read MoreInflation, Inflation, Inflation?
The ECB President was clear this week that the three drivers of higher near-term inflation would “fade out”…
Read MoreAnd Then There Were None?
The complexities of the current global macro backdrop are starting to seem more than transient…
Read MoreDivergent Complexities?
Often when we refer to things as complex, it is because we do not fully understand them…
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