macro insight
In addition to our core equity research offering, we occasionally publish some short and topical views on the macro outlook. Given our anticipation of more sustained inflation post covid recovery, many of these pieces cover the impacts of monetary and fiscal policies, and how the lessons of history apply today
MMT may have disappeared from the public arena but it still operates behind the scenes.
Price levels adjusting to a new equilibrium always takes longer than policy makers like
MMT may have disappeared from the public arena but it still operates behind the scenes
Recessionary data will challenge the Fed’s ability to maintain higher rates
Unemployment follows peak Fed Funds rate with a lag
The Fed needs to monetise debt whilst maintaining confidence in the dollar
China’s growth spells the end of a deflationary force that opens the door for inflation
The first chapter investigating the macro economic factors as to why the gold price will be driven higher in the short term.
Why is the gold price lagging behind it’s real value? The second chapter investigates how does it compare to other assets.
What affects supply and demand for gold? This first chapter investigates the reasons for changes in supply and demand