We are delighted to have our first contribution on gold from commodities expert John Butler. His thought-provoking piece provides a framework to value the precious metal as well deriving an optimal portfolio weighting.
At home in the UK, I look beyond whether the BoE will cut or not and instead look at four overlooked facts about the UK economy. Crucially, the UK has already experienced a productivity shock over the past ten years worse than most hard Brexit scenarios.
Finally, Dominique Dwor-Frecaut, a former NY Fed and Bridgewater economist, reviews how the Fed’s repo operations impact its balance sheet and broader risk markets.
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