Government bonds are supposed to be risk-free assets. UK gilts and German bunds being perhaps the most secure. With the ECB starting their €60bn pm QE programme in March, this prompted investors to rush to bonds. The general consensus was…
Read more...
We are positive about the outlook for Japan both this year and next. Several factors should allow GDP to rise to 0.9% this year and 1.8% next year before the next sales tax increase hits consumption in 2017. Lower energy…
Read more...
Investors have spent many years wondering why fast economic growth in China was not reflected in strong investment returns. Now, they are wondering how slower economic growth can generate such attractive investment returns. President Xi Jinping is reforming the economy…
Read more...
The brutal weather in January and February across North East America has once again hit GDP growth. The combination of freezing conditions, a prolonged dock workers strike and a very strong US$ has led to the world’s largest economy contracting…
Read more...
‘The people of Greece are withdrawing their savings from their own banks at a phenomenal pace’ The Greek government continues to hold out for a better bail-out deal. Greece’s bargaining position has deteriorated dramatically in recent months. As the Syriza lead…
Read more...