Research content:   There is surely a huge gulf between the market’s expectations for the future, derived from recent political policies...

A projection of the US's Government Deficit and Debt should there be a repeat of the policies enacted by Trump in his first term (which...

Data, charts and discussions on important themes, including: Update on inflation in various countries, showing that this is no longer a...

An in depth analysis of government bond NET and GROSS supply for USA, Japan, UK, Italy and France, highlighting the challenges for the...

RESEARCH PUBLICATION Following the announcement of multiple packages to support the economy and equity markets, this piece looks at the...

RESEARCH CONTENT Some key considerations for the valuation of JGBs and Yen, including analysis of: Inflation BOJ QE Domestic funding of...

RESEARCH CONTENT This report highlights some interesting data and financial market moves, including: Recent US Household debt data Price...

RESEARCH CONTENT Much has been discussed about the BoJ tightening MonPol and tapering their QE program. This note delves into the data...

RESEARCH CONTENT Follow up to November’s macro research on Canadian debt and inflation dynamics and financial markets:   Whilst there...

RESEARCH CONTENT Charts and tables showing the increasing US government debt interest burden, and how it is highly likely to worsen...

Following last week’s piece showing how global macro trends are leading to big political changes (Boiling Frog), this note looks at the...

An overview of the key long term themes that are driving macro views. Highlights of the global private and public leverage trends of the...

An important global macro theme is the debt fueled asset/boom bust in China, that first occurred in the (SOE) industrial sector and then,...

An update to the 12Dec23 research on France which concluded that French OATs were at risk of a revaluation: https://www.thegreyfirehorse....

This research analyses the ability of the yield curve to forewarn a recession. In conclusion, this time IS and IS NOT different: It’s not...

RESEARCH CONTENT Personal Consumption Expenditure (PCE) makes up approximately 68-70% of the US’s GDP. Probably in large part due to...

RESEARCH CONTENT A comprehensive research report on the macroeconomic situation in Sweden, which has one of the most indebted private...

Monthly report on following issues researched in April: Macroeconomics - Public and Private Sector Debt Trends: Opposite Dynamics -...

RESEARCH CONTENT There is a lot of market discussion about when the BoJ, the last Central Bank to maintain negative rates, will tighten...