Interest Rates
Is Trump’s Focus on Low Yields and Low Volatility Good for Your Wallet?
There is no doubt that the Trump administration remains focused on getting the cost of debt servicing down. The strategy…
What is the Right Tariff Rate for China?
The IMF-World Bank Spring meeting talking shop in Washington in late April served a highly useful function. It provided the…
Why The Time Has Come to Overweight International Stocks
Whatever the exact trigger, the extraordinarily recent sharp appreciation of Taiwan’s currency, the NT dollar, is perhaps the clearest signal…
US or China – Who has the Stronger Negotiating Position in Trade Talks?
The base case here remains that the US has no leverage over China on the tariff issue, as previously discussed…
The Financial Assets Most at Risk From Trump’s “Bull in a China Shop” Strategy
The 47th president has continued to behave like the proverbial bull in a China shop. This is fundamentally bad for…
In Tariff Negotiations, Trump Has No Ace Up His Sleeve
“What’s Trump’s ace up his sleeve? What’s the weapon that he can legitimately use to inflict real pressure on China…
US Colleges Have a $1 Trillion Illiquid Asset Problem
“Liberation Impoverishment day” on 2 April more than lived up to this writer’s expectations with US$7.4trn wiped off the US…
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…