Feb 17, 2021 | Featured, Global Economy, Leading Indicators, Whitepaper
We are on the cusp of a new commodity supercycle (from a report we issued in October 2020) Main Themes There are three big drivers of the commodity supercycle: The long era of monetary-policy dominance is over, leading to a heightening of inflation risks not seen...
Apr 30, 2012 | European Economy, Fiscal Policy, Global Economy, Japan, UK
Fiscal austerity in the developed world represents a paradox. On one hand, it is necessary as governments had already borrowed too much going into the crisis and can thus no longer continue to lever up to compensate for private deleveraging. On the other hand, the...
Mar 5, 2012 | European Economy
Greece is in default and Ireland and Portugal are in limbo with the market pricing in a Greek outcome in both economies. However, the situation has changed in Spain and Italy and on this measure alone, the ECB’s LTRO has been successful. Italian and Spanish bond...
