The Roaring Twenties hold a certain nostalgia in the collective American mindset, harkening back to the days of flappers, speakeasies, and the headiness of the economic boom that preceded the Great Depression. While most have some recollection of the period from their history books, it’s easy to...
The Macro View
Our man in the desert looks across all asset classes to give his opinion on the market trends and stock picks.
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The Macro View
What next for global markets after October’s risk spasm?
The swift 10% correction in the S&P 500 index in October is a mild echo of the 25 – 35% bear markets emerging markets, led by the financial panics in China, Turkey, Argentina,...
The Macro View
What is the risk reward calculus for Emaar Properties?
2018 has been a difficult year for GCC and Dubai real estate. Rents and capital values continued to fall in the third quarter, albeit at different rates in specific segments and...
The Macro View
GCC Focus – Dubai property market and the 2018 credit cycle
Saudi Arabia and Russia engineered a dramatic rise in the price of Brent crude via output cuts, the French far right National Front did not win the Élysée Palace in the...
The Macro View
King Dollar is dethroned by political risk in Washington
Political risk in Washington has risen alarmingly now that President Trump’s personal attorney Michael Cohen has pleaded guilty to multiple charges of tax evasion, money...
The Macro View
Global Investing: Risk is a four letter word – but then so is ruin!
Market View – Risk is a four letter word - but then so is ruin! Trading the financial markets has taught me that often what Dr. Kissinger (or Sun Tzu, Von Clausewitz and Lord...
The Macro View
Market View – Federal Reserve embraced a tight money policy last week
While the Federal Reserve did not raise the overnight borrowing rate at the August FOMC last week, I was chilled to read the US central bank explicitly describe the economic...
The Macro View
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....
The Macro View
Market View – Barclays, Big Bang and the City of London
Barclays was a traditional, Quaker High Street clearing bank whose roots in Britain and its colonies literally went back centuries. The bank was a traditional and commercial bank...
The Macro View
Macro Ideas – Time to go bottom fishing on the Bosphorus for Turkish shares?
There was nothing surprising about the reelection of Turkish President Recep Erdoğan’s victory with even more concentrated executive power and his Justice and Development (AKP)...