Recent stories
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The future of interest rates is more surprises
The return of inflation surprised central banks which until recently predicted rates would remain “lower for longer.” Economists and investors struggle to agree on what has changed or what will happen next. Those who assume current interest rates are normal may be in for a shock.24 Nov 2023 -
Japan has become a gold mine for value investors
Japanese stocks delivered negative returns for decades. Low debt, a cheap currency and a shift in corporate power to shareholders – egged on by the authorities – are changing the dynamic. The stock market’s recent strong run could last for years.
10 Nov 2023 -
China’s leaders speed towards Japanisation
The People’s Republic invests more than Japan did at the height of its 1980s asset bubble. China’s real estate is more overvalued, and its debt is higher. President Xi Jinping’s centralised rule and stifling of private enterprise increase the risk of Japanese-style lost decades.20 Oct 2023 -
Why an economic soft landing may prove elusive
13 Oct 2023 -
Central bankers face a balance sheet reckoning
26 May 2023 -
Private equity is being squeezed from all sides
12 May 2023 -
Digital “Chicago Plan” fixes many financial woes
28 Apr 2023