Everyone is talking about inflation. And rightly so. The consumer price index (CPI) grew by 5.4% from June 2020 to June 2021. That is a far cry from double-digit inflation. Nonetheless, comparisons with the 1970s abound. Economists are quick to point out that we...
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
Blain’s Morning Porridge
“I know of no country in which there is so little independence of mind and real freedom of discussion as in America.” In the headlines this morning Subscribe to podcast Happy...
The Macro View
What next for bonds, gold and the dollar?
US equities markets went ballistic after the Federal Reserve confirmed Wall Street consensus that it will cut the overnight borrowing rate by 50 basis points if the economy...
The Macro View
Blain’s Morning Porridge
“France has no friends, only interests…” In the headlines this morning. When the Fed Chairman has to say he’s “insulated from short-term political pressures”, then you know his...
The Macro View
Saudi Arabia and the calculus of petro power
It is impossible to analyze the real time dynamics of the global oil market without a grasp of the myriad domestic/regional economic, diplomatic and national security dilemmas...
The Macro View
The Pakistani rupee has now tanked to my 160 strategic target against the US dollar
I had forecast a collapse in the Pakistani rupee to a 160 – 180 range against the US dollar and a plunge in the Karachi stock market index to 32000 after PMLN Prime Minister...
The Macro View
What next for the Uber, Beyond Meat and Luckin IPO deals?
Thanks to the orchestrated bullishness of a dozen Wall Street sell side analysts and the mother of all short covering rallies, Uber has managed to claw back its losses from 38 to...
The Macro View
Blain’s Morning Porridge
“Every unresolved problem eventually creates something worse to solve it…” In the headlines this morning... I switched on the TV this morning and watched Naga sitting on the...
The Macro View
A projected trading range for Citigroup shares in 2019
Citigroup, the third largest US money center bank, owns subsidiaries in Latin America whose pedigrees go back almost a century. For instance, Banamex, Citi’s subsidiary in...
The Macro View
The Beyond Meat IPO is up 260% in two weeks!
Despite the global fame of its brand ambassadors Leonardo DiCaprio and Snoop Dog, Alternative faux meat specialist Beyond Meat (symbol BYND) electrified Wall Street with its...