“Things get to a point where you have to do the right thing”, Lord McDonald, former head of the UK Foreign Office
The election’s timing could hardly be worse, with Johnson a caretaker premier. The UK should be working closely with the EU to combat the Russian threat to food and energy supplies. But…
“We now understand better how little we understand about inflation”, Jay Powell, US Federal Reserve Chairman
We are facing a perfect storm of global food, energy and financial crises set off by the war in Ukraine. Analysts need to stop focusing on monetary policy and the inversion of…
ACS Chemistry & the Economy webinar on Wednesday
Please join me for the next ACS Chemicals & Economy webinar on Wednesday, at 2pm Eastern Standard Time, USA,
US Supreme Court throws a lifeline to Democrats for the mid-term elections
Social and political issues were always more important than economics before the SuperCycle. And now they are resurfacing again. Does an individual woman have the right to choose what to do with…
Markets will see plenty of rallies, but history suggests the real bottom will be at least 2 years away
The history of the 1929 and 2000 downturns suggests the real pain is yet to come. Housing markets look terribly over-valued around the world, as I noted last month. And US consumer…
Energy market chaos highlights risks to the global economy, as US consumer sentiment hits all-time lows
Consumer sentiment is already at all-time lows. Rising energy, transport and food prices will likely soon push inflation above 10%, and interest/mortgage rates to 5%+, adding to the risk of a major…
Wall Street finally recognises a recession is underway – “It’s a hurricane…coming our way”
There are positives in all this, as the Green agenda will create new opportunities to replace those that are now disappearing. But for the moment, at least, the risks associated with a…
US housing bubble starts to deflate as sellers cut prices and mortgage rates rise
The Fed might change its mind and rush to support asset markets again. But that seems unlikely today. If it doesn’t, then debt, divorce and death will force an increasing number of…
US stocks set for long-term decline as Fed pivots to focus on “Putinflation”
Markets have returned to the 1970s. They have to cope with “Putinflation”, recession, rising interest rates and energy prices – as well as geopolitical and nuclear risk. Unfortunately, today’s traders do not…