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The Cautionary Tale of the Whale & the Pond
Financial market liquidity is poorly understood and rarely considered. Investors should be wary of the problems it can cause as it can compound shocks.
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2025 Investment Story Book
Peering into the future is impossible but we have tried to look at some of the dominant narratives that might play out next year.
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The Herbs & Spices of Bond Markets
Cooking up the right bond dish requires a careful balance of herbs and spices. Every investors pallet is different but the right blend can help perfect a dish.
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Re-caging the Inflationary Lion
After losing control of the inflationary lion, the central bankers may finally be getting it back into its cage. Now should be a good time for long duration fixed income.
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The Legend of the Unicorn Hunters
Central bankers are increasing interest rates and killing off loss-making enterprises. As the number of 'unicorpses' grows investors need to respond.
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Fixing the Bond Wand
Uber-loose monetary policy broke the bond market with the curse of negative yielding debt. How can we stick it back together again?
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Diving Lessons from the Fed
The Fed have reached the top of the interest rates diving board… it could be a while before they take the plunge. How should investors adjust their portfolios while they wait?
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Welcome to the Crossroads Economy
Investors are getting mixed signals from policy makers and the economy, it has become a struggle to work out which path to take.
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The Sad Tale of the Washed Up Whale
The Chinese economy is starting to resemble a marooned whale, stranded on the twin beaches of debt and deteriorating demographics. The smell of its rotting carcass is going to make investors nausea.