The downturn in developed markets (DMs) will be savage, with no hint of the ‘V-shaped’ recoveries that were sold as…
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There is much to worry about in India. The slowdown in growth might have coincided with global weakness, but the…
The merits of our carry trade basket have faded over the past 12 months. There remains a yield pick-up in…
President Xi is a communist ideologue committed to the supremacy of the Party. These ideals contradict many of China’s economic…
Emerging markets rebounded from the 2014-15 commodity price collapse with varying degrees of success. Most were forced to hike interest…
We have argued that the greenback’s multi-year bull-run might last a couple more months. But it is over or ending.…
China’s foreign exchange policy is evolving. The current offshore renminbi short squeeze and the exchange control measures introduced recently seek…
Sentiment towards Poland has been tarnished by the more populist mutterings of the PiS government. But Poland remains a highly…
There are signs of life in DM demand after the spring soft patch. That provides some positive news for Asian…
Turkish President Erdogan has resumed control over the country after a military coup against his regime fizzled out. Turkey is…
The situation in Turkey looks grave. The latest corruption scandal probably marks the end for PM Erdogan, although the end-game…
While the rest of us had a credit bust, emerging markets had a binge. Private sector credit is rattling along…
An economist can have unwavering faith in his ideology, but a strategist must entertain doubt about his vision. As a strategist,…
Japan’s has the worst government debt and fiscal arithmetic among the developed economies. And yet government bond yields are around 1% and…
On a dark day it may sound fanciful to ask if Italy can save the euro and the world. But it…
