"One of the biggest problems facing investors is the sheer quantity of research. That's where Macro Hive comes in. It’s a service that finds great researchers, sifts through macro research from around the web and academic world, and showcases only the best content. It will provide a platform for top researchers to get their work better known. "
Specials
Calling the next recession has become a favourite parlour game for the talking-heads and pundits who opine on market matters. It’s understandable why, given the ongoing trade war, global slowdown, and persistent geopolitical uncertainties – and of course, let’s not
Own goals from the ECB and FED this past week highlight yet another secular trend in the current paradigm shift: the rise of the engineer and the fall of the economist. While both deploy a mathematical toolkit, economists are ideologues
Since the July Fed rate cut of 25bps and the conclusion of its balance sheet roll-off (known as quantitative tightening, or QT for short), there have been many major markets moves. These include a massive duration rally and then a
Deep Dives
Dani Rodrick. Straight Talk on Trade: Ideas for a Sane World Economy (Princeton: Princeton University Press, 2018), 336pp. Reviewed by Bilal Hafeez. The Post-Globalisation Economic Model Harvard economist
The holy grail of financial market investing is to find investment or trading rules that consistently make money over time. And while no one has found a rule that always
Best of the Web
(You can read the article by clicking here) Senior writer Amelia Thomson-Deveaux explores evidence from a recent study by Loungani et al. who looked at 153 recessions in 63 countries between 1992 and 2014 and found that the majority were
(You can read the article by clicking here) The large depreciation of the sterling by 12% following the Brexit referendum of 2016 yet to revert. This article discusses research from Giancarlo Corsetti, a Professor of Macroeconomics at Cambridge, which looks
(You can read the article by clicking here) This in-depth piece by Frances Coppola, financial writer, explores and criticises James Rickards’ book Currency Wars. The book takes a largely American perspective, reviewing fiat currency over the last century. Coppola believes Rickard
Podcasts
(You can listen to the podcast by clicking here) In this episode, energy markets expert Dr. Anas Alhajji interprets recent structural changes in the upper echelon of Saudi Arabia that might impact the global oil market. He stressed that the
(You can listen to the podcast by clicking here) CEO of Gavekal Research, Louis-Vincent Gave sees a massive outperformance of growth stocks, tech stocks, and US stocks, all of which investors should be sensitive to. His clients are confused –
China Digest from the Web
(You can read the article by clicking here) Nicholas Borst, Director of China Research at Seafarer, de-mystifies the actual positions that US investors hold in the Chinese capital markets. ‘Foreign Direct Investments’ (FDIs) into China have nearly doubled since March
(You can read the article by clicking here) The protests and conflicts in Hong Kong have been escalating since they began in June. Being unable to find a mutually satisfying solution could have disastrous consequences for the Beijing government both
(You can read the article by clicking here) Professor Stephen Roach discusses how changes in China’s economic policies shaped his course, ‘The Next China’, at Yale University. To address the ‘Four UNs’ (unstable, unbalanced, uncoordinated, and unsustainable) that may undermine
