Investment Conclusion. Exceptionalism is not just about benefits but costs. The economic policies and geopolitical disruption of the second Trump Presidency are certainly exceptional but will incur more economic costs than benefits. These costs will be spread about the worl... Read More

Quantum Strategy - David Roche - The Mini Podcast on Macro Matters: The Data: China's NBS PMIs and Industrial Profits. DeepSeek - the deeper meaning of disruption. Trump the first week- the economic consequences of ripping up Alliances. The Fed - when will Trump ... Read More

China PMIs, Trump's first week, Deepseek Read More

Peter Lewis Money Talk - a great discussion of US policy, the break down of alliances and investment implications; Federal Reseve independence and the USD; and whether measures to shut China out of tech will result in China passing the US out. Read More

The Inaugural Speech did not impose Tariffs in a slam dunk. This will give the US$ pause. Not for long as Tariffs are too central to Trump's economic ideas and prejudices not to be trotted out before long Read More

President Trump inauguration speech. US$ may weaken for a while due to lack of immediate imposition of tariffs (in contrast with other policies like immigration) and statement that his administration would “ begin the overhaul” of trade with foreign countries. I don’t ex... Read More

David Roche- Quantum Strategy- The Micro Podcast about Macro Matters: * The extremes of the 100 Trump policies: the Plus: Mini nuclear power stations at the level of individual or groups of data centres. And the Minus: Tariffs as promised ultimately cause the Fed to revers... Read More

What is the biggest "plus" and the achilles heel of Trump's 100 policies blitz. Read More

What does the Gaza ceasefire accord mean? The answer is a lot. It defines the Trump II administration’s foreign policy – peace through strength with decisive personalised interventions. It makes it clear that there’ll be no immediate Israeli attack on Iran sanctioned by the US. ... Read More

Discussion with Mark Nicholson, Barry Wood and Peter Lewis about: 1. are Tariffs the only answer to China surpluses and everyone else's deficits. 2.What are China's booming exports telling us about future export demand. 3. Is shins really refocusing stimulus on creating consum... Read More