As Always It’s All About Bonds – They Warn of Considerable Risk to Markets

The threat list to global markets lengthens, but the Truth will be found in the bond markets. Like inflation and rising rates, the effects of a bond market slide are lagging – It’s going to take other financial assets time to catch up on the bond crash!
Read MoreAs Always It’s All About Bonds – They Warn of Considerable Risk to Markets

Middle East Crisis – Market Implications are for further Destabilisation and Inflation.

Events in Israel have been shocking. Its deliberate – Iran fermenting conflict to support its goal of Arab hegemony. It puts Saudi in an impossible position – and could move it closer to Russia and thus higher oil prices. Interesting times indeed. Hard Hats close.
Read MoreMiddle East Crisis – Market Implications are for further Destabilisation and Inflation.

Normalisation means Tough Times Ahead – especially for Rishi Sunak.

The Tough Times will pass - how do you then create an economy that balances Growth and Prosperity, Politics and Justice, the Environment and Business, Wealth and Equality. Could it be as simple as setting the right interest rate?
Read MoreNormalisation means Tough Times Ahead – especially for Rishi Sunak.

Why the BBC is wrong about the UK’s Debt Cost, and DON’T PANIC about Bond Markets!

The markets are panicking about bond yields. There is little to panic about. Higher rates will normalise the economy – but the commentariat loves to make a problem into a crisis. Y’day the BBC got it badly wrong, confusing the cost of new debt with debt service costs.  
Read MoreWhy the BBC is wrong about the UK’s Debt Cost, and DON’T PANIC about Bond Markets!

Spidey Senses a’Tingle – does something wicked this way come?

Who are we trying to fool? Rising bond yields, higher for longer rates, recession fears, crashing consumption, yet stocks believing earnings could still push them higher? Are we at risk of a realisation moment and a repeat of 1987 or maybe something worse?
Read MoreSpidey Senses a’Tingle – does something wicked this way come?

Higher for Longer – Markets Could Struggle With the New Reality

The Bank and The Fed have served notice they will remain vigilant – higher for longer! Markets would be wrong to expect early easing. Wage Inflation and Energy remain very real threats over the medium term – it may trigger volatility as markets understand the new reality.
Read MoreHigher for Longer – Markets Could Struggle With the New Reality