22 October 2017 Investors appear convinced that stimulative G-7 monetary policies lie behind the markets’ record-setting performance. To be sure, that was the case between 2009 and 2015. During the past three years, however, I believe the impact of monetary policy has been quite neutral, the key driver of markets more recently has shifted from [...]
Peterson IIE NAFTA When you want to know about NAFTA, there is no better place to look than the Peterson Institute for International Economics. Here's a great, recent assessment.
The Trump agenda fiscal agenda has focused on tax reform, and especially the scope for cutting taxes. However, the esteemed Brookings Institute reminds us that despite the recent sharp declines in the US Federal government deficit, the USA confronts formidable fiscal challenges over the medium term. Eventually, the growth in American entitlement spending will [...]
3 September 2017 Welcome to the launch of what will be a regular strategy review. Macro-themes have dominated market moves, especially following the Brexit referendum and the US and French elections. With the Trump Presidency entering a potentially decisive six months, I believe this will remain true during the year ahead. I am a believer [...]