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US Fiscal Policy The impact of fiscal policy on the US economy itself has unpredictable elements. The current outlook is that the fiscal plan will create...
Last Tuesday, the FT asked the question "Where will corporate America's overseas cash pile go?" Excellent question. Until Trump proposed a repatriation...
If in the immediate aftermath of Donald Trump winning the US election, equities had crashed, credit spreads had widened, bonds had sold off, the dollar...
Every so often democracy produces a result that is extreme and polarizing. The personal qualities displayed by Donald Trump were far from desirable or...
What would you do? Russia: · Christmas came early. Cosy up to Donald. · Help the US out of NATO. · Help Turkey out of NATO. · Test the resolve of...
We have had central banks telegraph their intentions to us for years now, and mostly those signals have been dovish. Recently, however, there has been...
10 minutes into the future… Growth remains positive but slow, equities are expensive, credit spreads are tight, and interest rates are low. High quality...
As the memory of war fades and technology allows us to fight wars from long distances we become distanced by time and space. The more time passes and...
· Capitalism leads to inequality of wealth. o Capitalism is based on competition. Capitalism incentivises competition and the maximization of inequality...
Banks Hedge Funds Capital · Banks have permanent equity capital and long term hybrid capital. · Hedge funds have variable capital. Equity can be redeemed...
On September 21st there were two central bank meetings, the Fed and the Bank of Japan, both closely watched but both garnering very little expectations...
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