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  Democrats as well as Republicans voiced support for Lighthizer as the top negotiator due to his strict stance on China’s trade practices. The takeaway is that Trump needs deep concessions from China – what the top…
Dear Client, I am travelling this week so this report is a joint effort juxtaposing two contrasting observations about France. The ‘opulence’ part highlights France as the world’s dominant producer of luxury goods, and…
Special Report Highlights So What? Optimism over a U.S.-China trade deal is becoming excessive. Why? Presidents Trump and Xi appear to want a deal but their late March summit is not yet finalized. Several news reports supporting the bullish…
  The two-year time limit in Article 50 was designed to disadvantage the exiting country relative to the EU, and this disadvantage has now become abundantly clear. After the two years have run down, a no-deal or ‘cliff edge…
  A catastrophic no-deal Brexit would undoubtedly hurt the EU27, and be particularly painful for the member states most exposed to U.K. trade, notably Ireland and the Netherlands. But here’s the paradox: a no-deal Brexit which…
  The yellow vest movement is not a coherent force led by a clear leadership. The demands of the group are many: lower taxes, better services, less of the current reforms (specifically in education), and more of other reforms.…
  Cutting the size of the state might be what Macron needs to get out of that zone over the course of his term. Unlike the last two presidents, Macron’s term has begun with a whirlwind. If he stops now, it is highly…
Highlights Global growth is still slowing. Having rallied since the start of the year, global stocks will likely enter a “dead zone” over the next six-to-eight weeks as investors nervously await the proverbial green shoots…
  Highlights Global growth is still slowing. Having rallied since the start of the year, global stocks will likely enter a “dead zone” over the next six-to-eight weeks as investors nervously await the proverbial…
Highlights A no-deal Brexit which did not cause pain pour encourager les autres would be the much graver existential threat for the EU. A U.K. parliamentary vote to extend Article 50 by a few months would not be a game changer in…