The financial crisis, subsequent Eurozone debt crisis and Japanese reflation (in name only) transformed the role of power money. Central…
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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.
Political and economic risks are rising in Germany and, with them, pressure on the CDU. This week’s fateful cooperation with…
Markets remain convinced that macro risks are not worth worrying about. Nor market risk, such as the growing exposure of…
The removal of uncertainties is always good for a short-term market boost. But it’s often better to travel than arrive.…
Thailand’s currency is completely out of line with fundamentals. A large current account surplus has sustained it but that is…
The SPD’s new leadership choice might appear radical but it’s unlikely to mark the start of a coalition collapse. What…
The length of a cycle does not necessarily condemn it. Indeed, the recent trend in developed markets has been towards…
The trade negotiations in Washington are unlikely to shift the needle of global confidence or impending recession significantly. The Washington…
The ongoing slump in German industrial activity isn’t likely to end soon. Many of the problems are structural and result…
The old Hong Kong we knew will not return. The political social and economic model is dead. This makes Hong…
The ECB’s latest stimulus package seeks to address several problems and does so quite neatly. Banks win, thanks to tiering…
Another ratchet up in the US-China trade war and the intensification of the Hong Kong protests mean that we would…
The state also was the key player in all the Asian emerging markets that graduated from middle-income to rich economy…
G20 bout resulted in no knock-out! We got a trade war truce, but we didn’t get any shift in the…
The world is closer to a recession than markets anticipate. This report sets out the many interlinked causal factors that…
The current boom in investment spending among the tech giants is now close to the entire Federal budget for education,…
The most dangerous fights are the ones where both contenders have total confidence they will win. The US-China trade spat…
Expectations for easier US monetary policy are taking the wind from the dollar’s sails. These market changes reflect the worsening…
The breakdown of US/China trade talks and President Trump’s decision to add a further layer of tariff s on Chinese…
The populists might get 30% of the vote in the European Parliamentary elections, but that will translate into just above…
The reality is that the US woke up too late to the risk of China usurping them as the key…
