Government bond yields in most advanced economies reached record lows this week, with ten year German bond yields entering negative territory for the first time ever.
February 2016
We are in confusing times as the world’s economy adjusts from high to low commodity prices. This adjustment, however, will by the end of 2016 largely have been made and the outcome will be primarily…
December 2015
Apart from the normal and incalculable unknown unknowns, a possible debt explosion or a Putin play, 2016 is likely to see a steady improvement in the economic environment. 2 to 3% growth with near zero inflation is really quite benign. With Governments, albeit at glacial speed…
Chart of the Week: Week 47, 2015: International R and D Spending
Spending on research and development has been comparatively low in the UK for some time, but it has decreased since the financial crisis.
November 2015
We are in the last quarter, the future for North America looks good, Europe confused, China difficult and countries reliant on the production of commodities gloomy. The West and Russia, however….
Chart of the Week: Week 46, 2015: Core Inflation
October inflation figures from around the world have been released this week, and certainly among most of the advanced economies, headline inflation has remained at near-zero (it was 0.2% in the US, 0.1% in the Euro Area, and -0.1% in the UK).