Latest Macro Commentary

The Macro Commentaries are based on the FT Blogs by Gavyn Davies.

Macro Commentary

Gavyn Davies' Blog

Why is Germany flirting with recession?

Why is Germany flirting with recession?

February 5, 2019
China is an important factor but temporary...
Will we see a rerun of a market meltdown, just like in 2016?

Will we see a rerun of a market meltdown, just like in 2016?

January 29, 2019
Many observers believe global recession risks are...
The Fed’s balance sheet is (mostly) a red herring

The Fed’s balance sheet is (mostly) a red herring

January 22, 2019
QE had significant economic and market impact...
Recessions and bear markets — the terrible twins

Recessions and bear markets — the terrible twins

January 15, 2019
A global recession is unlikely this year,...
Better late than never, Chairman Powell

Better late than never, Chairman Powell

January 7, 2019
Federal Reserve chief indicates the rate pause...
Markets fear faster UK inflation as Brexit looms

Markets fear faster UK inflation as Brexit looms

December 18, 2018
Rise in inflation swaps has occurred at...
New Year, New Federal Reserve

New Year, New Federal Reserve

December 11, 2018
Forward markets now show only one rate...
Trade truce provides time for Beijing to stabilise

Trade truce provides time for Beijing to stabilise

December 4, 2018
As the US economy slows down, China...
Recessions and bear markets: close relations but not twins

Recessions and bear markets: close relations but not twins

November 27, 2018
Equities have come under pressure even though...
A weakening Europe will not be the global growth locomotive

A weakening Europe will not be the global growth locomotive

November 20, 2018
Eurozone returns to ‘old normal’ after last...
No boom, no bust in US housing

No boom, no bust in US housing

November 13, 2018
Higher mortgage rates will not cause a...
Global slowdown begins to look more troublesome

Global slowdown begins to look more troublesome

November 6, 2018
October’s collapse in equities may reflect weaker...