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The Winter of Discontent - The post Trump Global Scenario
I see the initial reaction of markets to the Trump victory as misplaced. Not that I thought KH was any good. But I do see high economic costs in Trump policies if implemented. I expect these to cause a bear market in most assets in 2025. Taiwan is my favourite short and the USD m…
When Macro Will Matter
Macro uncertainty (high) and market volatility (low) have divorced. The piece explains why and when it will end. This will happen in the next twelve months. The catalyst will be conflicts that incur economic cost beyond what markets can ignore.
US Presidential Debate - The Undecided.
Harris did better in the debate. But the election is too close to call. Here are the consequences of a Trump or Harris victory
The Significance of the Inconsequential
There are three political things that don’t matter to markets now but will.
Troubles Weekend
Recession is the new cloud in the blue sky over markets. The markets now know the colour of fear. Recession is not for now. But fear is. Here's why!