Rates: The twilight zone
We get accustomed to extreme levels as we hit them, but a 1.5% US 10-year inflation break-even and a practically zero 10yr real rate is worth paying…
Eurozone: Fiscal policy to the rescue?
Forward-looking indicators like new orders and hiring intentions point to a further growth slowdown in the coming months, although strong real money…
US: A polarised nation
The latest economic and political newsflow highlight the divides in the US. Presidential impeachment hearings are set to go ahead so there is little…
The 70th anniversary of the People’s Republic of China came against the difficult backdrop of the trade war, protests in Hong Kong, swine fever and…
After all the speculation, Japan’s government has imposed the consumption tax hike. The coming months will be heavily distorted by this and it may…
FX: Dollar remains in demand
