Anton Tonev

Macro Hive Author

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SPECIALITY: Global Macro, Emerging Markets, Economics,

Anton Tonev is a former HSBC & Morgan Stanley researcher & trader with more than 20 years of experience across New York, London & Asia. His focus lies in Global Macro asset management with an Emerging Markets undertone based on risk factor investing, core trends, non-conventional economics and cross-discipline ideas.


In: Hive Exclusives | Asia Bitcoin & Crypto China COVID

2021 Grey Swan #7: HKD Peg Breaks the Lower Band

December 10, 2020

The Covid-19 crisis for China may prove to be the economic equivalent of WW2 for the US. The US was the only…

In: Hive Exclusives | Asia Bitcoin & Crypto China Economic Growth

China’s Winning Formula To Boost Consumption

October 20, 2020

Summary China’s 6-month experiment with CBDC has scaled up, with the recent Shenzen test the biggest so far The bank-based nature of…

Economics Planning

In: Hive Exclusives | Global Monetary Policy & Inflation

Resource Optimization vs Surplus Distribution: The Case For Modern State Economic Planning

August 25, 2020

(A punched card from the mid-20th century, used for data input, output and storage)   Modern Monetary Theory (MMT) has finally hit…

In: Hive Exclusives | Monetary Policy & Inflation

Inflation In The 21st Century Is A Supply-Side Phenomenon

August 06, 2020

‘It is habitually assumed that whenever there is a greater amount of money in the country, or in existence, a rise of…

Elon Musk

In: Hive Exclusives | Equities

Tesla: No Paradigm Shifts, Yet.

February 06, 2020

In light of the vertical rise in Tesla’s share price in the last few months, I thought it worthwhile to revisit an old narrative comparing the Apple’s…

Rate Hike Hawkish

In: Hive Exclusives | Europe Monetary Policy & Inflation

Sweden To Join Northern Hikers – Policy Error?

November 27, 2019

The divergence of monetary policy in Norway, Canada, and now possibly Sweden from that of the rest of the world over the last twelve months is stark…

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