Investing
The US Tax Reform GDP Sugar Rush Coming to an End
The base case here remains that the 2Q18 US GDP will mark the peak of growth in this cycle on…
The Flattening US Yield Curve and the Fed Balance Sheet Unwind
The other day this writer was thinking that it had become time for Donald Trump to comment on Federal Reserve…
Electric Car Hype Sows the Seeds for a Future Inflationary Oil Price Spike
“Oil forecast to hit peak demand by 2036”. Such was the headline in a newspaper article recently (see Financial Times…
Brexit a Sideshow Relative to Populist Eurozone Uprising
Some comments are due on Brexit which, after many months of waffle and prevarication, is finally becoming 'real'. The unholy…
Fed Tightening Cycle Triggers Emerging Markets Debt Dislocation
An interesting contribution to the debate on the impact of Fed balance sheet contraction on emerging markets’ US dollar funding…
US Dollar Strength Usher Emerging Market Credit Tears
Growth remains seemingly benign, most particularly in the US with the Atlanta Fed’s GDPNow model indicating 3%YoY growth last quarter…
US vs China – Is it ‘Art of the Deal’ or Economic Warfare?
If monetary tightening remains the main risk for global stock markets, the threat of a trade war continues to dominate…
Trade War! Making Sense of Trump’s Good Cop / Bad Cop Theatre
Ongoing US monetary tightening is not the only risk facing Wall Street-corrected world stock markets. The past few weeks have…
Release the Barrels! The Impact of the OPEC Pivot on Oil Stocks
The Organization of the Petroleum Exporting Countries (OPEC) concluded its biannual meeting of despot dictators on Friday in Vienna. As…
Sociopath Inc. – Elizabeth Holmes and Shane Smith Embody Selfie Capitalism
It's been a hell of a year for a pair of the best corporate con artists in the US —…