Has this writer gone completely bonkers? (Don’t answer that!). Surely inflationary pressures are rising? Isn’t the Federal Reserve embarked upon a crusade to get “ahead of the curve”, heading off inflationary pressure? Isn’t the Japanese …
Generally and logically, the bigger the bull, the longer the subsequent bear, and vice versa. Global stock markets, long-dated government bonds and commodities go through cycles that can last for a while, since it takes …
UK inflation figures have been telling a strange tale lately. On the new target measure, known as the Consumer Price Index, inflation has surged past the Bank of England’s 2% target, to 2.4% in August, …
Delphi’s bankruptcy is a big deal. It is emblematic of a new set of pressures bearing down on the US. The global rebalancing framework that I continue to embrace suggests that the world’s growth and …
Over the past 15 months India’s stock market has risen more than 70%, but strong share price returns over relatively short time periods are not unprecedented in the Indian context. The most recent rise however, …
There are many dimensions to the world’s imbalances. We tend to focus on the financing side of the equation, stressing mounting disparities in saving rates, current account balances, and debt. But at a different level, …
The near-certainty that the Fed will raise US interest rates once or even twice more this year is a sharp reversal of the sentiment immediately post-Katrina, which was that they might hold, even cut. As …
We are currently taking a cautious approach to the gilt market because we believe the market’s continued expectations of further official interest rate reductions after the August cut are too ambitious. We believe the August …
Korean stocks are on fire. The benchmark Kospi index has set a record above the 1,200 mark, making it Asia’s top performer this year – up 37%. The market’s tailwind comes partly from the robust …
In the global struggle for dominance of investment markets between the optimists and the pessimists, the optimists continue to win. Share prices continue to rise, with some nervousness apparent in America offset by great strength …