Category Bonds

Debt is Not The Problem – Economic Management Is.  

Many market participants fear the rising quantum of Government Debt spells crisis across the globe. Tush and Nonsense. Debt is not the problem – markets exist to price risk. The crisis lies in economic management, and Political Risk!

WORRY ABOUT BONDS! It’s a Judder Moment as we prepare for brutal Political Risk escalation.

Fitch threw a spanner into the works last night downgrading the US – but they were right to do so. Political risks in the US and UK – both are approaching peak electoral cycle crises points  – are rising and the disinformation wars will ensure it gets… fruity.

Fed Hikes, but how big is the recession risk?

The market has chosen to read the Fed 25pb hike as a positive sign we’re on the glide path to a soft landing – but what does the market know? The charts and common sense increasingly scream recession. Take your pick: deflationary bust or stagflationary crisis?