Cannabis Legalization in North America and the Economics of the Opioid Crisis

A land grab is now emerging in the area of cannabis investing as legalization momentum gathers pace, resulting in the opportunity for corporates to invest i... Read More»

The Strong US Dollar, Buyback Frenzy and Increased Savings

Given Donald Trump’s recent criticism of Federal Reserve policy of late, Fed chairman Jerome Powell made a politically astute speech at Jackson Hole in late... Read More»

Italy’s Stagnant Economy the Most Likely Trigger to Europe’s Existential Crisis

With the focus on Turkey and the potential related fallout in other emerging markets in recent weeks, it is easy to forget about the Eurozone. Yet the current I... Read More»

Turkish Turmoil as US Fiscal Easing and Monetary Tightening Continues

The US dollar index has recently broken above the 95 'resistance level'. The index rose to 96.98 on August 15 in a dollar rally triggered by the recent coll... Read More»

US vs China: The Surging Greenback and the Trade War Favour the US

The immediate focus of markets of late has been the resurgent US dollar (see following chart) amid the collapse of the Turkish currency, down 23% against th... Read More»

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 'sugar rush' of Donald Trump’s tax reform. Still, the l... Read More»

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 policy when the news reports appeared on the remar... Read More»

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 article: “Oil forecast to hit peak demand ... Read More»

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 mess that former British Prime M... Read More»

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