20 Seconds
Wednesday, 19 January 2011 | 5:56 am
The macro outlook is benign and it seems that the fiscal and monetary policies of the world have brought about some kind of normalcy and equilibrium.
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10 Seconds Into The Future
Sunday, 28 November 2010 | 11:24 am
The low inflation and low interest rate environment that we experienced in the last 20 years was only possible as inflation was exported away to low cost producer countries. This is equivalent to offshoring production capacity. It must therefore lead to a trade deficit, if it is successful. We know on hindsight that it has
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Current Concerns In The World Economy
Tuesday, 16 November 2010 | 12:08 am
What are investors worried about? There is a lot to worry about but there are usually two to three factors that really drive sentiment.
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Purchasing power of money
Thursday, 28 October 2010 | 4:55 am
Inflation and the internal purchasing power of money: On the surface there appears to be no inflation in the US. 1.1% YOY inflation is neither too high nor too low. However, given the state of growth in the economy, central bank policy, fiscal strength or lack thereof, the risk of deflation has become a
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US Treasuries Likely To Underperform
Tuesday, 05 October 2010 | 2:15 pm
As the US increasingly moves closer to becoming a net exporter, by intent and also since the PBoC and BoJ are reducing vendor financing in the form of purchasing US treasuries, the US current account may move into surplus against China and Japan. This would mean a shortage of USD to recycle which would mean
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