Executive Summary Return Of The 'Pocketbook Voter'  President Biden’s pledge to fight inflation ahead of the midterm elections got a boost with the Gulf Arab states pledging to increase oil production in July and August…

Executive Summary EU Embargoes Russian Oil  The EU imposed an embargo on 90% of Russian oil imports, which will provoke retaliation. Russia will squeeze Europe’s economy ahead of critical negotiations over the coming 6-…

Executive Summary Markets Priced For A Restrictive Level Of Australian Rates  The neutral interest rate in Australia is lower than in past cycles, for several reasons: low potential growth, weak productivity, high household…

Special Report

Executive Summary Markets Priced For A Restrictive Level Of Australian Rates  The neutral interest rate in Australia is lower than in past cycles, for several reasons: low potential growth, weak productivity, high household…

Special Report

Executive Summary Indian Voter’s Economic Miseries Are Ascendant  India has a strong strategic geopolitical position but is likely to face turbulence in the short term. This is because India remains expensive, and investors…

Special Report

Executive Summary Favor ASEAN And The Philippines  Southeast Asia is suffering from fading macro and geopolitical tailwinds but there are still investment opportunities on a relative basis. The peace dividend, globalization…

Special Report

Executive Summary The US Still Dominates Economic Output  While the Ukraine war has been positive for the greenback, there is a slow tectonic shift away from the dollar as China rethinks holding concentrated foreign currency…

Executive Summary German GeoRisk Indicator  Russia and Germany have begun cutting off each other’s energy in a major escalation of strategic tensions. The odds of Finland and Sweden joining NATO have shot up. A halt…

Executive Summary Allies Still Have Faith In USD  The Biden administration’s use of sanctions has prompted market speculation about the longevity of the dollar. Yet the DXY has hit 100 and could break out, in the…

Special Report

Executive Summary The Declining Value Of An Old Friendship  India may buy cheap oil from Russia, but oil alone cannot expand this partnership. India needs to maintain a balance of power against China and Pakistan. With…