Serious investment thinking that doesn’t take itself too seriously.
Three generations of Gulf Arabs have been enraptured with German luxury auto brands like Mercedes, BMW, Porsche and Audi. But please, please, do not fall in love with German homes or CRE as the Fatherland faces the mother/mutti of all property meltdowns. New construction starts have plunged a...
I’ve yet to come across anyone who has a better way of describing current monetary policy than Louis Gave from Gavekal. Paraphrasing Louis, ‘the Fed is dynamite fishing,...
Global credit standards are set to tighten further in response to the recent bank funding turmoil, as suggested by movements in bank share prices and financial conditions during...
The big chill of recession and a banking panic now haunts black gold, exactly as it did in the last six months of 2008 when Brent crude plunged from $148 a barrel in July to...
How do you know when you’ve gone far enough? That must be the question starting to dawn on the minds of central bankers in their current rate hike cycle. But having drifted so...
The UK did NOT enter recession in 2022 Last week’s news will come as a surprise to many (and a great disappointment to some) as the Bank of England’s forecasts from as...
Below is a graph showing the total number of residential units by estimated completion date and stage of development across London. It is, of course, a ‘best guess’, particularly...
On our journey looking at world economic developments, crises are sadly rarely far away. Indeed, our subject of today has in many ways been one long-running crisis. But the 2022...
With apologies for stating the bleedin‘ obvious, but most of us work to pay bills and no small part of these are accounted for by our mortgage. Consequently, for those who, on...
In what follows I will call upon youthful memories of when we used a mixture of washing-up liquid, water, and a plastic circle to aimlessly and harmlessly blow bubbles into the...