What the hell’s going on at “The West” these days?  We read a report in this morning’s digital version, citing comments from OECD Chief Economist, William White, who warns us that global risks are far greater than what they were at the start of “The Crisis”.  You know, the crisis that finished with this current […]

Before we start on financial market reaction to last week, please remember this: “In the last 100 years there has never been a two-term presidency come to an end that wasn’t followed, within 12 months, by a recession (thanks Raoul Pal, Grant Williams)” Well, last week the unthinkable happened: Donald Trump was voted in as […]

“Negative repercussions are becoming overwhelming”, was the cry from Deutsche Bank to the ECB this week. It came in response to the latter’s monetary policy of Bond market domination and negative interest rates. Broader Sovereign and Corporate Bond Markets certainly agree. Rates are indeed rallying strongly. At a time where longer duration liquidity is tight and the ECB […]