The US economy remains the most important and vibrant in the world. China is fast catching up but for market depth and liquidity, for corporate governance and clear and well defined regulations, the US is the prime market for fixed income and equities.   Trade Expression:   1. Long term buy US equities. 2. Long

Who owns all the stuff? In a knowledge economy labor’s share of income keeps diminishing while capital’s share keeps increasing as businesses are able to accumulate intellectual property whereas individuals have limitations. In the limit who owns the businesses? The march of technology will see many jobs made redundant by automation. If robots replace humans

I have been optimistic about the development of China as it matures into a middle aged, consumption led, economy governed by rule of law and subject to market forces. What I like most about China was what I see as a genuine desire for reform, to govern by rule of law, to allow markets to

14 July:   It’s not over. The deal agreed by the Eurogroup with Greece will need the creditor parliaments and the Greek parliament to vote and approve before the governors of ESM can approve it. The Greeks will likely approve it although Tsipras 149 votes will likely not all be yes, it is expected some

On June 26, had Greece agreed to these terms a deal would have been done. Instead Tsipras calls a referendum and seeks a No vote from his people. Before the vote, Tsipras goes back to the Eurogroup to accept the terms. Merkel says that they have to wait for the referendum since Tsipras would, in