The key issue for world markets remains when monetary tightening is going to bite in the US economy.
If the downturn in M2 growth in the recent past remains ... Read More»
There have been some interesting geopolitical trends of late.
For example, the chief outcome of the somewhat ballyhooed meeting of the BRICS countries in Joh... Read More»
The base case here remains that a downturn in the US economy is coming, along with a pronounced slowdown in inflation, with the key question remaining the lags ... Read More»
It is still a close call. But the latest US CPI and employment data make it slightly less likely that the Fed will tighten by another 25bp at the next FOMC meet... Read More»
With no sign as yet of a commencement of Federal Reserve easing, the longstanding view of this writer remains that the most likely casualty of the current monet... Read More»
The working assumption that the Chinese have turned temporarily Japanese is borne out by the latest credit data which has increased concerns that the authoritie... Read More»
There is no doubt that the pain trade in recent months got ever more painful for those equity investors still defensively positioned as confidence has grown tha... Read More»
The oil price has started to rise again this past week after an extended period in the doldrums.
The Brent crude oil price has risen by 6.7% since 20 July an... Read More»
As many global investors have now decided that China is “uninvestable”, it increasingly looks like India’s time has come both as a stock market and as an econom... Read More»
Chris is internationally renowned for his weekly institutional research newsletter GREED & fear. He has correctly identified all major global financial bubbles over the last 3 decades (US sub-prime crisis, Nasdaq technology bubble, Asian financial crisis, and the Japanese financial meltdown). He’s also the author of three highly acclaimed books: Boom and Bust, The Bubble Economy, and The End of Japan Inc. Since May 2019, Chris has been Global Head of Equity Strategy at Jefferies.
