AI
When AI Becomes the Economy
If the AI theme has continued to dominate price action in world stock markets, the American economy’s dependence on AI…
Is the AI Capex Boom Finally Reaching a Limit?
The hyperscalers have now reported after the SOX index suffered a 21% decline in July, with Micron down 41% from…
Are BYD and CATL Coming to America?
The Trumpian driven news cycle continues to dominate, as reflected in the recent headlines concerning Greenland. Still the all-important issue…
The US is Now One Big Bet on AI
“The US is now one big bet on AI”. This was the headline in an article in the Financial Times…
China Needs America Less Than You Think
Faced with The Donald Trump-triggered tariff war in recent weeks, China has become more focused on stabilizing domestic demand even…
A Catchup on Japan: Will Outperformance vs the US Continue?
Money markets are still looking for another rate hike in Japan, but rate hike expectations have declined significantly of late…
Mar-A-Lago Accord Deep Dive: Implications and Risks
The base case here remains that US stock market capitalisation, relative to world stock market capitalisation, made an all-time peak…
While Tariffs Bite, Inflation and International Stocks Will Keep Rising
The attention continues to shift from DOGE to the tariff threat and deteriorating US economic data. It is worth listing…
How Likely is a Run on the US Dollar?
Debt Brake, What Debt Brake These are historic times in global politics and economics. Take Europe, for example. The US…