These reasons are getting me interested in the energy sector

A change in the Narrative Among the many eyebrow-raising, bizarre, and interesting developments (zero-interest rate policies, negative yielding bonds, rise of populism) that have occurred since 2010, one of them that really defined this current decade is the death of the ‘peak-oil’ narrative. Remember those days when people were talking about how there could be … More These reasons are getting me interested in the energy sector

Trade deal or no trade deal? It does not matter…

‘We, the Chinese nation, after fifty years of sanguinary revolutions and five and a half years of sacrifice in the War of Resistance, have finally transformed the history of a hundred years of the Unequal Treaties of sorrow into a glorious record of the termination of the Unequal Treaties’ ~ Chiang Kai-Shek, January 1943 Somewhere … More Trade deal or no trade deal? It does not matter…

Weekly Observations: Central Bankers as Gamemasters

An excerpt from a week’s journal: 20 August 2018: Observations & Thoughts Today was generally a risk-on environment, with Chinese equity indexes leading the way in Asia Pacific (Japan and South Korea lagged). Indian equities continued to climb higher. The Yuan has also somewhat stabilised and has strengthened against the USD since last week. Chinese … More Weekly Observations: Central Bankers as Gamemasters

Weekly Observations

An excerpt from a week’s journal: Weekend 4 – 5 August 2018: Observations & Thoughts What a crazy week of a series of risk-off days. It’s time to reassess the macro liquidity landscape: US high yield bond credit spreads remain under control and are still relatively tight: The Chicago Fed’s ANFC Index is still at … More Weekly Observations