

“Once I built a tower, now its done, Brother, can you spare a dime?” In the headlines this morning Another fascinating weekend… It’s a holiday in the US, and much of UK is off for mid-term. I’m still trying to digest the importance of last week’s news about Amazon...
Blain’s Morning Porridge

The Euro could well rise to 1.23 by end 2019!
The Euro has been a disaster since its birth in 1999. Its monetary pathologies led to youth unemployment rates of 50 – 60% in Greece, Spain and the Italian Mezzogiorno. It gave a trillion-dollar windfall to German exporters at the expense of the hapless Club Med and...
The Euro could well rise to 1.23 by end 2019!

Currencies – King Dollar devastates emerging markets currencies
Gold has fallen to 1231 an ounce. The Chinese yuan has depreciated to 6.76 and triggered a Black Death in emerging market currencies. Copper has fallen 18% in the past month. Emerging market equities/debt markets are in free fall. The US Treasury debt yield curve has...
Currencies – King Dollar devastates emerging markets currencies

Market View – The Federal Reserve and the rise in inflation risk
Market View – The Federal Reserve and the rise in inflation risk The dominant theme of 2018 has been a rise in the bellwether ten-year US Treasury note yield from 2.40% to 3% amid fears on Wall Street that a rise in wage inflation and Trump tax cuts will force the...
Market View – The Federal Reserve and the rise in inflation risk

GCC Focus – Saudi Arabian equities are global winners in 2018!
I had written an article titled “six reasons to be bullish Saudi equities in 2018, published in the KT on January 28. Yet I was surprised to see Saudi Arabian equities become the world’s second best performing stock market in 2018 after Egypt. The Saudi equity index...
GCC Focus – Saudi Arabian equities are global winners in 2018!