Some of my best trades and investments since I started dabbling in financial markets came from investing in entire single countries that have fallen out of favour and holding them for a period of time until they become popular among investors again. What were some of them? My investments in Argentinian equities back in late-2015 … More Greece – turning the corner?
MMT stands for ‘Modern Monetary Theory’, and it may be the next must-know term to know and understand before it becomes mainstream. OK, but what exactly is Modern Monetary Theory? The Roosevelt Institute published an article about it eight years ago, and it simply describes a school of thought in macro-economic thinking that revolves around … More If there’s one thing to know soon, it’s MMT
Political experts use the phrase ‘strong men era’ to describe the current political landscape. Everywhere across the world, authoritarian leaders have swept into power (or simply seized it) since the start of the current decade. In the US, Republican President Donald Trump is widely considered as a populist politician who has an anti-establishment leaning. His … More We’re in an era of ‘Strong Men’: 4 things investors must take note of
An old Tuscan proverb claims that “after the game, the king and the pawn go into the same box”. Would the upcoming elections in Italy turn out to be as what the proverb claims? Political uncertainties have gripped Europe since the fated Brexit vote, and Italy is widely seen to be a poster child of … More Italian Elections – Il problema?
The first half of 2017 is over, and my book remained almost unchanged from the end of 1Q 2017 to the end of June. I maintain my defensive stance, risking one-third of my usual sizing for any new positions and also gunning for lowly-correlated positions in terms of price structure as well as fundamental logic. … More 2nd Quarter 2017 Review & Strategy for 2H 2017
The Brits are officially leaving the European Union (EU), following the invoking of Article 50 and British envoy Tim Barrow handling a letter to the EU Council on the 29th of March 2017. An informative book on the subject is explored by Roger Bootle of Capital Economics, and I’ve found it to be highly instrumental … More Playing Brexit: Long Euro & short Sterling
En Garde! French citizens are once again heading to the polls in what is arguably 2017’s most widely and closely-watched high key political event: the French Presidential and Parliamentary Elections! At stake? Possibly the future of the European Union (EU). That’s because one of the potential candidates for the Presidency, Madame Marine Le Pen, is calling … More En Garde! Playing the French Elections & a Frexit?
2016’s been accepted as a watershed year: a year where we saw a rise in populism in the West. There’s been countless articles and commentaries written on this rather (un)eventful year, so I shall not add to the existing pile. As global macro investors, we are well aware that developments in the political realm can lead to changes … More Investing in an age of populism…
2016’s a year that has been dominated by concerns over banks, and in particular, European banks. Financial markets were spooked in January after banks like Deutsche Bank missed 4Q 2015’s earnings targets by a wide margin, and solvency problems also rose as investors became concerned that banks and lenders around the world would be affected … More Europe’s banks turning the corner?