A considered view of real estate, investments and beyond


Latest Article

Saudi Arabia and the crude oil price surge

September 2017 was an historic month for the global crude oil market. West Texas rose to $52 and Brent rose to $58 as financial markets finally accepted that Saudi Arabia has been successful in brokering high compliance rates with last year’s OPEC and Russia output cut deals. In addition, Hurricanes Harvey/Irma and seasonal refinery maintenance added to demand for crude cargoes even as the US inventory glut eased. Turkey’s threat to militarily intervene in Iraqi Kurdistan if Erbil votes to secede... Read More >

Recent Articles:

Numbers on a digital screen The bloodbath in bitcoin has only just begun Why cryptocurrencies are doomed to fail
Jamie Dimon, the unanointed king of Wall Street and chief executive of New York banking colossus JP Morgan did not mince his words. He called bitcoin “a fraud”, a speculative bubble comparable to the Dutch tulip mania of the 17th century and Read More >
Digital screen with abstract reflections The bullish case for Japan’s undervalued stock market Why Japan is the cheapest developed world stock market in 2017
The North Korea crisis has led to a 1000 point decline in the Nikkei. Japan is the cheapest developed world stock market in 2017. Any spasm of risk aversion leads to a rise in the Japanese yen and a correction in its Nikkei Dow averages lower. Read More >
London street with phone box and bright lights The anatomy of a British pound collapse Our Macro commentator on the outlook for sterling
It took a North Korean ballistic missile launch and Hurricane Harvey’s devastation of the $500 billion Houston/Galveston/Corpus Christi economy to push sterling higher to 1.2950 against the US dollar. While the British pound is the most Read More >
A pile of gold coins and bars The US dollar plunge and emerging market currencies Matein Khalid brings us the latest currencies news
The US dollar plunged after Janet Yellen did not talk about Fed monetary tightening and Mario Draghi did not protest 1.19 Euro at the Jackson Hole central banking symposium. This is a green light for the carry trade in emerging market currencies. Read More >
Skyscrapers seen from above The Trump White House and US stock market risk With the Volatility Index at 14, Wall Street’s pendulum of greed and fear has unquestionably tilted to fear
Trump’s post Charlottesville remarks, the Barcelona terrorist attacks and Cisco’s results unnerved the US stock market bulls last week. Friday was a surreal moment in the history of Wall Street. It was entirely rational for traders on the New Read More >
Chess pieces on a chessboard Global political instability: a threat to the markets? A macro view of volatility and market resilience
The old stock exchange cliché goes “markets go up like an escalator, go down like an unhinged elevator”. The world learnt this lesson the hard way as geopolitical tensions between the US and North Korea escalated to nuclear brinkmanship. Read More >
Computer screen showing stock price movements Ten macro reasons to buy Brazil shares Our Macro View commentator explains why he's buying into the emerging market
“Brazil is a country of tomorrow and always will be.” General Charles de Gaulle dissed Latin America’s largest economy with Gallic disdain. Quelle horreur! Yet I have been fascinated by the magical land of samba, carnival, Pele, Gisele, Read More >
A chart showing upwards progression The hunt for value in global equities Matein Khalid explores the dramatic shift in the US stock market from growth/momentum to value shares
The US stock market has been resilient to the political and policy firestorms created by the Trump White House. Trump’s failure to enact tax reform or a major fiscal stimulus has restrained but not destroyed the 'animal spirits' of the Wall Read More >
Brown bear in forest London property faces a bear market in 2018 Why the UK is heading for a period of stagflation
Prime London home prices (Mayfair, Kensington, Belgravia, Chelsea) are now down 20% from their pre-Brexit peaks. Theresa May’s general election gamble and the surprising success of the Labour Party under Jeremy Corbyn has negatively impacted Read More >

Featuring

Investor's Notebook

Smart people from around the world share their thoughts

Read more >

The Macro View

The week's financial news and how it connects across all asset classes

Read more >

Technology

Fintech, proptech and what it all means

Read more >

Head Of Research

The brain boxes of direct real estate

Read more >

The Fund Manager

Real money - the capital allocators

Read more >

The Architect

Some of the profession's best minds

Read more >

China Watch

Cambridge University's Dr Helen Bao on China's past, present and future

Read more >

Residential Investor

Making money from residential property investment

Read more >

The Professor

Analysis and opinion from Andrew Baum of Oxford University

Read more >

Face to Face

Jonathan Davis interviews a leading figure in the property world

Read more >

The Farmer

Land economy, agriculture, conservation, soil & property rights

Read more >

The Analyst

Spotlight on real estate equities

Read more >

The History Man

A look back at previous cycles, events, characters

Read more >

Chart Spotlight

Deconstructing and understanding a key statistic

Read more >

The Agent

Reflections on estate agency, today and in past times

Read more >

Political Insider

The inside scoop on Westminster and Whitehall

Read more >

Editorial Notes

The latest thoughts from the editorial team

Read more >

Our Partners