

“Our currency, your problem.” John Connally, Treasury Secretary in the Nixon White House, uttered these words to the world’s elite when he torpedoed the Bretton Woods regime’s gold link to the US dollar in 1971. Fifty-one years later, the world...
GCC asset prices and King Dollar

Oxford Street candy shops
Why food crime is so much more than counterfeit chocolate bars. In recent years, Londoners and tourists in the UK capital will have noticed an influx of American sweet shops. US-themed and decorated with fluorescent colours, these shops advertise candy and snacks...
Oxford Street candy shops

Emerging market debt
It is perfectly logical that the summer rally in emerging market debt was aborted the moment Powell spoke at Jackson Hole and risk assets plummeted on the expectations of ‘higher for longer’ interest rates and QT, which means the global money pump now goes...
Emerging market debt

CPI – a compromised pricing indicator
Seldom does another topic supplant the weather as the most common conversation topic amongst Brits. And yet, for six months now, temperature has been eclipsed by heated talk of sharply accelerating consumer price inflation. Now, when discussing today’s weather, there...
CPI – a compromised pricing indicator

The only UK economic constant isn’t so much change, as constant political flux
Back in April, we released The UK Economy over Time (‘23 – ‘30) & from Place to Place, which made the case that in the years to 2030, Central and Northern England (CaNE) would record the strongest economic performance of the UK’s 12 regions. Much has, of course,...
The only UK economic constant isn’t so much change, as constant political flux