Money Talk with Peter Lewis, Carlos Casanova & me debating: 1. the global economic and market effects of the US-European Ukraine Summit 2. Has Trump galvanised the Global South to become a new trading bloc which will unseat the US$ as Global Reserve and Trading Currenc... Read More

Tariffs: How Good is Bad? The US-Japanese hadshake deal Investment Conclusion The equity markets are rejoicing at the latest US tariff deals. I am not. And neither are bond markets or the US $. The Japanese handshake 15% tariff deal is better than the mooted 25% tariffs. Bu... Read More

Executive Summary: The Stable Coin Plot? Stablecoins are the privatisation of money. They have the potential to: • Disrupt traditional banking systems. They can suck deposits out of the banking system leaving significant funding gaps for banks and the “real” economy. ... Read More

The markets make no allowance for the diruption of economic nationalism, the destruction of global alliances and the the preparation of inevitable war. This report rips the veil of denial with 5 bullet points on one page. Read More

A Midnight Update on the German Elections. ( sorry for typos etc. they will be righted in the report version) On balance this was an ok result. Not a dream ticket, But one that will begin to move Germany towards econimic revival. Among European equities Germany is... Read More

Here are 13 things that may happen as the Liberal World Order is replaced by the Unmentionable......... and how to protect yourself from the fallout! Read More

Germany Bundestag Elections. A victory for a Grand Coalition led by the CDU’s Friedrich Merz, made up of the major parties (CDU/CSU + SPD plus possibly FDP or Greens), which controls two thirds of the seats in Bundestag & Bundesrat, would open the door to dramatic reform in... Read More

This update looks at US “Exceptionalism” and USD strength. The drivers of both are international equity flows as much as safe haven demand for US assets or central bank activity.. The investment conclusions are that a bear market in US equities would have have negative implic... Read More

How US "Exceptionalism", and the bull market in the US$ and US equities are linked. Since just before the invasion of Ukraine in 2022, foreigners' holdings of US financial assets has risen from US$ 20 trn. to US$ 30 trn. Of this increase 10% was down to increased holding by ... Read More

As a P.S. to the Rules of Thump - the Canadian, Chinese and Mexican Tariffs. My rough calculations of the Tariff hit to economies outside the US were included in the Friday (1/31) Update sent to you. But to summarise: The effect of these (1/31 Canadian, China & Me... Read More