Fiscal indiscipline looms as the biggest threat after central bank battles to slow rising prices
The neutral ‘R-star’ level will be higher but the more notable change will be a steepening of the bond yield curve
Technology and self-sufficiency matter more than growth and profits
There are reasons to challenge the ‘they’re just better’ narrative used to justify overweight positions in American stocks
Many proposals coming from both political parties make little sense and would upend the principles of a fair and efficient system
Strong US jobs data is likely to add to other forces to keep the currency strong
Severe weather events are intensifying and so too are their economic impacts
Interest rate cuts should support a rise in spending in durable goods
Beijing should err on the side of acceptance rather than denial and make major efforts to avoid the mistakes of Japan
Big interest rate cut is yet another evolution in paradigm of liquidity dominance
Long-term debt and political concerns might lead to more volatility but this is outweighed by the unique financial status of the US
The number of low-price, highly speculative stocks on exchanges has exploded, harming investors
A trend long associated with equity investing is now playing out in the bond markets
The time is surely ripe for a rethink of some of the strictures governing the central lender
Deal is a textbook example of how not to create price tension in a capital markets offering
Innovations around EM indices are required with more thematic benchmarks
Apart from top earners, the spending of Generation Z and millennials is defying pressure elsewhere — helped by parental subsidies
Bond investors could easily be caught off guard if liquidity conditions fail to loosen significantly
Bourses hope to draw listings with pitches that draw on corporate aspirations, strategy or identity
The central bank needs to maintain a moderately restrictive stance on monetary policy to make further progress on inflation
High yield debt is becoming more investment grade
The Fed is unlikely to save the day as economic conditions deteriorate
Changes to disclosure rules on share buybacks would make a big difference to returns
The onus is on the central bank to forestall a weakening in the US labour market
Crypto promotion by the White House would chip away at the dollar’s reserve currency status
