Why the Barnier government will make matters worse for France, the economy and Europe. Read More

The US Fed's "Jumbo" 50bp cut in fed fund rates to 4.5% to 5% was not what the well balanced economy needed. It is a step into monetarist populism by the central bank. It unwarrantedly biases Fed policy towards unemployment. . It gives the wrong signal as to where the equilibrium... Read More

IN the short term the Fed and the ECB will cut policy rates by 25 bp - no jumbo cuts, Over the easing cycle the ECB will have to cut policy rates more and for longer than the Fed. The EU is entering a period of secular economic decay. The Draghi report speaks not just to the US... Read More

Harris did better in the debate. But the election is too close to call. Here are the consequences of a Trump or Harris victory Read More

The Draghi Report - All the right ideas. But unlikely to be implemented. The reasons: populism and the fear of it. Or in the case of Germany, incompetent governance. No market impact Read More

There are three political things that don’t matter to markets now but will. Read More

Israeli airstrike against Hezbollah makes the Middle East Armageddon more unlikely. Read More

US Fed- Chair Powell speech: cuts? Yes but how much & how far" less than you think? Read More

Kursk offensive has potential to be a turning point in this war if Ukraine achieves strategic objectives. If so market effects would be significant. Read More

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! Read More