Macroeconomics

All That Glitters

Silver once ruled the world of markets. Now it can rally by 25%, and no one seems to care. Well, we care! Silver remains one of the most compelling and elusive commodities for investors. This week we look at why it has rallied and what that tells us about investor sentiment in other markets.

Macroeconomics

What to Expect When You’re Brexiting

In many ways, Brexit is like canceling your cable tv service. The main difference is that Brexit is much easier. This week we look at why markets fear a no-deal outcome. It has little to do with the long-term effects of leaving the EU and more to do with the short-term challenges that abrupt changes in regulation create. The EU isn’t offering any promotional packages to keep the UK in.

Macroeconomics

A Black Zero Sum Game

Black zero may sound like a bad diet cola, but it is the literal translation of Germany’s Schwarze Null zero deficit policy. While many other developed countries have been running up government debt, Germany has been a model of fiscal discipline. This has led to calls for reform…in Germany. This week, we look at why Germany is so German and what a change in policy would mean for markets.

Macroeconomics

Phone A Friend

Unexpected market moves have been around as long as Who wants to be a Millionaire? Whenever they occur, we get almost as many questions as a contestant on that show. As always we appreciate your input – unlike some contestants we won’t walk away from any questions. We sometimes change the exact text of the questions, but we try to capture their tone.