Argentinian Canary In The Coal Mine?
Argentina seems to be the first victim of a more difficult international climate for emerging markets. In a way, this is somewhat surprising as the country isn’t on the brink […]
The Great Slowdown?
There are signs that world economic growth is slowing down, although it’s not clear whether this is just a blip or the beginning of a more lasting trend. Lower growth […]
Technology Shares Out Of Fashion?
Bank of America argues that investors should lighten up on technology stocks. We think this is way too general an approach, investors are much better off on a case-by-case analysis. […]
Chinese Investor Strike?
Macro lessons for investors part II. Some argue that the US trade deficit is simply the result of big US public sector deficits and debts (which need to be refinanced), […]
Macro Lessons For Investors
Macro forces are impacting financial markets continuously; investors do well getting to grips with the basics. However, there are wildly different views about how the economy works, and the debate […]
Have We Seen The Highs For The Year Already?
If trade tensions escalate, it could tip the world economy, which is already softening into substantially lower growth. Apart from the direct effects of trade restrictions, greater uncertainty, diminished sentiment […]
Risks Are Increasing
Market risks are increasing with a more assertive President, less constrained by mainstream advisers repositioning into a more populist and neo-conservative direction. The more immediate worry are the chances of […]
No Reason To Panic
But panic there was, with the VIX rising from the dead all the way to 35. A reassuring sign is that bonds, which arguably started the market mayhem, functioned as […]
An Overheating U.S. Economy?
Fiscal policy has thrown fire on what is already a very prolonged economic upturn. With capacity tight and structural growth restrained, there are some signs of a possible overheating of […]
Just What The Doctor Ordered
Two years ago, the world economy looked downright scary, with secular stagnation ravaging much of the developed world, stagnant wages, low productivity growth and various serious crisis spots. But growth […]