Archive for September, 2015
Japan: Yet More Abenomics in the Short Term but changes in the longer term?
Following our recent trip to Japan, we believe that we can expect an expansion of the BoJ’s QE and some form of supplementary budget before the year end. Both actions will probably be limited in terms of their scale and…
Global Recession?
If one were to ‘arrive from Mars’ and consider a global economy in which world trade prices were deflating, savings rates were rising, investment rates were falling while government fiscal positions were stable or improving, and monetary conditions were tightening…