I’m finally back in the office after a week on the West Coast and a week in Europe. That follows 2 weeks in Asia so I am basically exhausted! For the most part, clients I saw on these trips had a more bearish take on global economic prospects than the one I presented...
In the last couple months risk asset markets have struggled, Bund and Treasury rates across the curve have moved towards their 2010 lows, and the dollar has broadly rallied against most other currencies. Up until the May rout, the recovery looked to be well on its way...
When there are significant stresses in world markets, I look to Europe for the causes. It used to be Japan in 1990s, and then the US in the 2000s, but for the 2010s it’s the EU area that owns the honor. In looking at the sources and origins of the May breakdown in...
First order of business, apologies for being a little light on the commentary late last week – I ended up with very little time between meetings in LA, San Fran and Seattle. This week I’m in Old Blighty, but I should have more time behind the screens. I can’t say I...
This seemed like an appropriate title today for two reasons. First, I’m holed up in LA. Second, EMU countries are starting to feel what it’s like to enter the big bad market jungle on their own for the first time in a decade. The warm and fuzzy blanket that protected...
This seemed like an appropriate title today for two reasons. First, I’m holed up in LA. Second, EMU countries are starting to feel what it’s like to enter the big bad market jungle on their own for the first time in a decade. The warm and fuzzy blanket that protected all of Europe from many […]
