Independent Strategy

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The following pages contain chronological lists of articles that have been written by Independent Strategy. Independent Strategy’s research is available by annual subscription. For details of subscription rates and soft dollar payments, please contact Independent Strategy by using the contact form.

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Viewing 1 - 50 of 559
Global

1st July, 2020 » Ever the best intentions  NEW

The pandemic might have shattered the economy and ushered in ever more aggressive interventionism from the monetary and fiscal authorities.…

Global

9th June, 2020 » The hand of god

The financial crisis, subsequent Eurozone debt crisis and Japanese reflation (in name only) transformed the role of power money. Central…

Global

22nd May, 2020 » The bell tolls

The China-US cold war is upon us. It is unfolding as expected, but the pace is now accelerating. It means…

Global

19th May, 2020 » The bore

In January, during Chinese New Year, I had started writing about Covid-19 — warning clients of its potential to destroy.…

Special Report: Commodities

22nd April, 2020 » Special Report: CommoditiesFighting the wrong fight

Even in times of great uncertainty, obvious things still happen. Shuttering much of the global economy crushed demand. That was…

Global

20th April, 2020 » The last light

It is striking how little is known, but how widespread is the conviction, that once the pandemic wanes things will…

Global

6th April, 2020 » War and pieces

War horse (30 March 2020) sketched the architecture of a war economy versus a pandemic economy. This note goes further.…

Global

30th March, 2020 » War horse

Fighting them on the beaches is different when the invisible enemy is little purple and red Covid blobs with spiky…

Special Report: Commodities

9th March, 2020 » Special Report: CommoditiesA crude way to double down

We are shifting currency investments because of the collapse in the oil price which, coming on top of Covid-19, is…

Special Report: Umbrella Idea

13th February, 2020 » Special Report: Umbrella IdeaGuts, shit, drought and ….. hope

Environmentalism and sustainability are unstoppable forces. But some investors remain slow to embrace the change. Thus far most effort has…

Taiwan

13th January, 2020 » Democracy rules ok?

The outcome of Saturday’s Taiwanese presidential election was no great surprise. It reinforces the problems China and President Xi face…

Global

16th December, 2019 » Cold water

The removal of uncertainties is always good for a short-term market boost. But it’s often better to travel than arrive.…

Thailand

11th December, 2019 » A baht time?

Thailand’s currency is completely out of line with fundamentals. A large current account surplus has sustained it but that is…

UK

4th November, 2019 » Beyond eternity

While some might view the latest ‘postponement’ of Brexit as another example of can kicking in reality, it materially changes…

US

17th October, 2019 » Warning signs

The length of a cycle does not necessarily condemn it. Indeed, the recent trend in developed markets has been towards…

Global

26th August, 2019 » La Rentree

Nothing in recent events has mellowed our views on the risks facing the global economy. The China/US trade conflict is…

Global

5th June, 2019 » Duller dollar

Expectations for easier US monetary policy are taking the wind from the dollar’s sails. These market changes reflect the worsening…

In the Media