News Library
Showing All Results
Sucking Diesel
Sucking Diesel In the dead of night I sent you the G7 release about releasing 100mn bbl. of Diesel from Strategic Reserves. Now I am attaching all those good intentions to the locomotive of oil markets. Where does this leave us? With a deal that few understand. A deal that over t…
Safe Haven Assets: Doing What They Were Built to Do
A Q3 2026 performance snapshot, 30 June to 25 September 2026 Yesterday's report, Applets , set out why the world is getting riskier. This note is the proof point. Since 30 June, the Quantum Strategy safe haven allocation has done exactly what it was built to do. Ten of its eleven…
US Diesel – Another Dose of Divine Intervention?
US Diesel – Another Dose of Divine Intervention? The US midterm elections make market interference to lower domestic energy costs attractive politically - for populists. But it is likely to be a macro-S**T show of epic proportions. Read on for the arguments. The Wealth Preservati…
Greenland: The Deal and Its Northern Shadow
The Trump Greenland Deal is a lot more than a rejig of the 1951 Agreement to grant the US more military and economic rights in Greenland. It goes far beyond that. It is a pretty significant building block in Trump’s Donroe Hemispheric Architecture and a major retreat by the EU an…
Navigator: Convictions
Navigator: Convictions! The single biggest theme is the inflation tsunami being generated by food and energy. This will get worse. The Safe Haven Assets are doing their job. They will go on doing so. My two big beliefs: Energy and food price inflation are not over and are multi-y…
Deutschland Unter Allem
Deutschland Unter Allem The AfD victory wrecks Germany’s prospects of economic reforms and should destroy any vestiges of financial market optimism. That is a serious dough-nut hole in the core of Europe’s economic and political aspirations. And it calls into question the defence…
Saxony-Anhalt Election: Bad for Bunds & Should Be for the Euro
Saxony-Anhalt Election: Bad for Bunds & Should Be for the Euro The AfD's landslide win in Saxony-Anhalt, at nearly 44% of the vote, marks a new stage in German politics: coalition strategies built to contain extremist parties are visibly failing, and Chancellor Merz's federal coa…
Sovereign Debt – Global Consequences & the Chinese Dichotomy
Sovereign Debt – Global Consequences & the Chinese Dichotomy Sovereign bond yields will go on rising. The two drivers: inflation and fiscal deficits, will both deteriorate and see to that. Energy inflation will rise as inventories continue to fall. The Hunger Wave of disrupted gl…
Welcome Back! Here's What Moved While You Were Away.
Welcome back from the summer break. In our view, what moved in your absence isn't seven unrelated headlines but one connected regime shift, spanning AI, energy and food, central bank independence, the dollar, and geopolitics and we've pulled it all together in the attached client…
The Venezuelan Oil Deal- Shades of Conrad’s Nostromo
The Venezuelan Oil Deal- Shades of Conrad’s Nostromo The “deal” could lift Venezuelan oil output from 1.25mn bpd to 3mn bpd within five years, requiring about US$100bn of investment. Bigger numbers will be advertised. This is the plausible case. That would add roughly 1-2% to glo…