08 February 2019
First, agricultural activity – production and consumption clustered together Then, the industrial revolution – production soared Now, globalisation – offshoring […]
02 January 2019
If there’s one thing about China that market observers tend to focus on it’s the level of GDP growth. In […]
26 December 2018
The Great Gatsby Curve illustrates the connection between concentration of wealth in one generation and the ability of those in […]
19 December 2018
As a keen follower of rugby union, it was tempting when thinking about the year ahead to try and predict […]
18 December 2018
Professor David Autor, Ford Professor of Economics at MIT, is one the most influential labour economists in the world and […]
05 December 2018
As markets face central bank quantitative tightening (QT), there are signs that we are on the brink of a regime […]
05 December 2018
An eventful ride We have seen unparalleled progress on global efforts to address the world’s biggest sustainability challenges, showcased by […]
04 December 2018
Emerging market (EM) equities fell into, and remained in, bear market territory in 2018, raising the question whether in 2019, […]
04 December 2018
We have long argued that there is a real reason to worry about the fundamentals of many emerging markets (EM): […]
03 December 2018
What are the key risks that investors face in 2019? We see risks coming mainly from three distinct sources: the […]
03 December 2018
Whereabouts are we in the credit cycle? Simply looking at measures of the credit cycle, for example, ratings upgrade-downgrade ratios […]
03 December 2018
Wage inflation has started to pick up. Is the revenge of the Phillips curve a theme for 2019? Investors have […]
03 December 2018
As pronounced bouts of market volatility – in January/February and again in October – reminded investors in 2018, swings in […]
27 November 2018
How should investors respond to a world where the only constant is increasingly rapid, disruptive change? Superstar companies, automation, globalisation, […]
22 November 2018
During the first half of November the renminbi has been trading around 6.95 against the US dollar (see exhibit 1 […]
16 November 2018
Mind the gap! Over the course of 2018, the US Federal Reserve is on course to raise the federal funds […]
15 November 2018
How should an investor with a medium-term horizon deal with currency risk? That is a crucial question given that, unlike […]
14 November 2018
The spectacular rise in market power of relatively few companies that practically monopolise their industries, especially in the US, has […]
