Economy

In the aftermath of last Tuesday's election results one investment theme has dominated: reflation. Specifically, this suggests that after several years of fiscal austerity and several decades of declining inflation, these trends are on the cusp of reversing. If so, what does this mean for markets?

The world of taxation at the personal and corporate level is about to go through a radical overhaul. For the most part, in my view, the forthcoming changes will be positive. With a Republican House and Senate, Mr. Trump has a good shot at having a good number of his tax reforms enacted.

Investors can certainly expect increased levels of volatility in the near term, and probably some serious sector rotation through the end of the year. Buckle up, because it’s going to be an interesting four years.

We believe emerging Asia is at a turning point. The region has faced strong headwinds in recent years, but we now see a number of tailwinds gathering momentum.

With the renewed talk of rate hikes in December, I decided to consult the only metal with a Ph.D. in Economics - Dr. Copper, as traders like to call the metal.

Welcome to insanity which, by a definition commonly attributed to Albert Einstein, is doing the same thing over and over and expecting a different result. Our insanity is actually a dangerously circuitous negative feedback loop. The popular delusions are exponentially more dangerous and the crowds – most of the global populous – aren’t just going to go mad, they’re going to go broke. Here’s who’s deluding us, over what, why, how they’re doing it, and how it’s going to end… and how you can save yourself from going broke.

Currently, Russian gold reserves rank 7th in the world. It’s clear that there is a concerted effort by Russian authorities to build up the country’s gold reserves as part of a national strategy to negate the effects of economic warfare waged by the United States.

Over long periods the inflation-adjusted price of homes in the U.S. has tended to increase by a little more than 1% per year. That doesn't mean owning a home is a good way to make a 1% real return on your money though. This article explains why.

You won’t be able to tell the story of the 21st century without India and China as its main protagonists. Just look at the numbers in the two animated charts provided in this article.

I think the Chinese are devaluing the yuan in slow motion but when they realize that the shadow banking system will tighten credit at the worst possible time - just when the PBOC is actively fighting such tighter credit conditions - they are likely to devalue the yuan by a much larger and less orderly amount.