The cost of capital in China's changing markets
New technology could boost productivity and, in turn, economic growth, but relatively full equity valuations and low bond yields pose cyclical challenges.
Pascal���s Wager argues that belief makes more sense than disbelief when the worst outcome is a total loss.
The food fight between the President and the Fed Chair could result in too much easing, and the expansion of valuations beyond sustainable levels. The other food fight: leveraged loan issuers vs buyers. Issuers are winning this fight hands down due.
A brief note on the latest price action in equity markets, how business cycles end, and how markets are being left to fend for themselves without central bank intervention for the first time in 20 years.
Michael discusses how short covering, rather than real money, has driven the fastest recovery on record following a bear market, and looks ahead at slowing earnings growth.
An overview of our 2018 assumptions illustrated in an easy to read infographic.
2019 Long-Term Capital Market Assumptions Executive Summary Inforgraphic
The impact of technology on long-term potential economic growth illustrated in an easy to read infographic.
Mostly stable, mostly moderate