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Olduvai III: Catacylsm
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Canary in the Coal-MIne–Emerging Market Contagion

CANARY IN THE COAL-MINE – EMERGING MARKET CONTAGION Emerging market currencies, bonds and stocks have weakened Fears about the impact of US tariffs have been felt here most clearly The risk to Europe and Japan is significant Turkey may be the key market to watch As US interest rates continue to normalise and US tariffs […]

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Debt Déjà Vu

Debt Déjà Vu For two years, financial markets have repeated the same error – predicting that US interest rates will rise within about six months, only to see the horizon recede. This serial misjudgment is the result not of unforeseeable events, but of a failure to grasp the strength and global nature of the deflationary […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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