Articles

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Macro Digest: Another week, Another Brexit vote - The momentum now clearly with orderly divorce from the EU

Summary:  Another week, another Brexit vote. PM Johnson keeps trying and pushing for a Brexit by October 31st. Meanwhile Labour is trying to force a 2nd vote and to stall process to force extension to minimum January 31st. Saxo Bank…
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Les taux et l’étau qui se resserre

La séance d’hier c’était le genre de journée qui fait qu’on se demande si on n’a pas meilleur temps d’ouvrir la bourse une fois par semaine juste pour faire un fixing et retourner jouer au golf. Assis sur un banc Que…
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Marchés financiers : les signes de la dégradation

Nicolas Chéron analyse sur SicavOnline la dynamique baissière qui conduit l'économie mondiale à la récession. https://www.youtube.com/watch?time_continue=1&v=2ONftjZraRY
Olivier Delamarche C'est Cash RT
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C'est Cash, la nouvelle émission économique d'Olivier Delamarche

Un programme animé par Olivier Delamarche en compagnie d'Estelle Farge sur RT France où l'économiste présente sa vision de l'économie mondiale et les scénarios possibles pour l'année 2019, toujours très Cash.  
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Steen's Chronicle: 'The past is unpredictable'

An old Russian proverb asserts that times past can be as uncertain as times to come, and given both Russia's current circumstance and that of the global macro scene at large, it seems strangely apposite at the moment. Despite improving,…
steen jakobsen
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Steen's Chronicle : Long gold, short $ and long fixed income ...

We have again and again argued that the ”forces” of the market leads one way only: -      Weaker US dollar as world would collapse with the opposite(strong dollar) under the burden of $ denominated debt -      Higher gold…
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Macro Digest: Fed is wrong on inflation trend - very wrong

‘Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair’ Sam Ewing   I am in Singapore and a few clients been raising the issue of ‘inflation’ and the measurement…
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The policy makers Comical Ali strategy

I am writing this Chronicle from South Africa which is almost as far away from Europe and the constant and never ending Brexit talk you can come. It's hard even here to avoid the turbulence and never ending 'need' for investors and media to…
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Brexit : Early comment...

The polls and the bookies got it wrong again – the move overnight has been made bigger by the “party” the risk on market had yesterday….I wrote my “expected” reaction earlier this week:   How a Brexit would play out: Jakobsen   My…
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Transparent Janet is Imprisoned by a Dilemma of Her Own Making

An unusual Steen’s Chronicle today… as I will share the piece with my friend Professor Mark M McNabb, PhD, CFA from Wake Forest University….Mark and I had exchange on how the Fed has become utterly predictable….here is Mark’s take…
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Fed comment : Very dovish Fed

FED - Very dovish text and update from Fed.. Fed backed down on 2016 and 2016 dots and finally acknowledge that employment growth has slowed. Two charts attached: Text comparison - note how Fed "holds on" to improvement in GDP despite…
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Macro Digest: Recession risk keeps increasing...

    Dear All, Quick note to follow up on my RECESSION risk is bigger than 60% call…… from the other week (Yes, I am yet to finish report….)   Recession risk is rising with big allocation implications -…
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Final Fed update..Weaker US is now sanctioned by global central banks

Extremely poor performance by Yellen. The main conclusion remains: A weaker US dollar is the target. Yellen confirmed in the Q&A. This is an almost unchanged economic outlook, but with a more accommodative monetary policy -= Weaker…
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Business as usual

Après un week-end difficile, les marchés financiers de la planète entière se sont demandés pendant un bref instant si les événements horribles de vendredi soir allaient changer quelque chose à la destinée des indices boursiers. Clairement,…