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Research Notes - Macro Commentary

Fulcrum Research – Let the Credit Hunger Games Begin!

Fulcrum Research – Let the Credit Hunger Games Begin!

November 13, 2017
Corporate bond spreads have tightened further this...
Gavyn Davies’ blog – Does China’s new policy regime threaten the global upswing?

Gavyn Davies’ blog – Does China’s new policy regime threaten the global upswing?

November 7, 2017
The strength of the upswing – almost...
Gavyn Davies’ blog – The (non) disappearing Phillips Curve – the evidence

Gavyn Davies’ blog – The (non) disappearing Phillips Curve – the evidence

October 31, 2017
Last week, I made two points about...
Gavyn Davies’ blog – The (non) disappearing Phillips Curve: why it matters

Gavyn Davies’ blog – The (non) disappearing Phillips Curve: why it matters

October 24, 2017
The existence, and recent disappearance, of the...
Gavyn Davies’ blog – World economy may be healthier than the IMF thinks

Gavyn Davies’ blog – World economy may be healthier than the IMF thinks

October 17, 2017
Richard Thaler, whose richly deserved Nobel Prize...
Gavyn Davies’ blog – Doves and hawks in the race for Fed Chair

Gavyn Davies’ blog – Doves and hawks in the race for Fed Chair

October 10, 2017
On a trip to Washington last week,...
Winter is Coming: Turn Up the Central Bank Heat!

Winter is Coming: Turn Up the Central Bank Heat!

October 9, 2017
Government bond 10-year yields in the major...
Gavyn Davies’ blog – Trump’s fiscal stimulus, 2.0

Gavyn Davies’ blog – Trump’s fiscal stimulus, 2.0

October 3, 2017
US fiscal policy has been back in...
Gavyn Davies’ blog: Central bank disputes – Yellen versus Borio

Gavyn Davies’ blog: Central bank disputes – Yellen versus Borio

September 28, 2017
Ever since the Great Financial Crash, the...
Gavyn Davies’ blog – American growth pessimism may be overdone

Gavyn Davies’ blog – American growth pessimism may be overdone

September 18, 2017
One of the failings of many market...
Gavyn Davies’ blog – The global upswing could be more sustainable this time

Gavyn Davies’ blog – The global upswing could be more sustainable this time

September 12, 2017
Last week, this blog reported the continuing...
Half-Year to Go: Beach-Ready Bond Workout!

Half-Year to Go: Beach-Ready Bond Workout!

July 25, 2017
Yields on benchmark 10-year government bonds in...