The Next Wave…
As was well-flagged over the past weeks by Repo market activity, the Active Treasury Issuance (ATI)* of government debt, combined
Latest
The Next Wave…
As was well-flagged over the past weeks by Repo market activity, the Active Treasury Issuance (ATI)* of government debt, combined
Macro
All that glitters…
This update consolidates our thesis for owning GOLD exposures and our recommendations for portfolios into one place. Over recent years,
Macro
“Thank you for your attention to this matter.”
This note highlights many economic indicators that are flashing warning signs for history-aware investors. A thorough examination of history reveals
A camel’s back waiting for a straw
This update is brought to you by Occam’s razor. * A myriad of market valuation metrics all point to a
Momentum gathering…
These last few weeks, marking the beginning of Summer holidays in the Northern Hemisphere, have seen several significant macro and
Hard Data -> Hard Assets
* The disconnect between financial market pricing and the incoming (and forward-looking) data on US employment, business capital expenditures, credit and
Macro
Hold the line… weigh the arguments.
Hold the line is a military idiomatic expression meaning to stand firm in your position despite pressure or challenges. One
Macro
Inching towards a new (world?) order
Like many based in the Southern Hemisphere, I have spent too many hours since January 21 not sleeping and keeping