ECB policy easing is working
Eurozone real money momentum has turned positive and is likely to rise further, signalling improving economic prospects. Continue reading
Chinese money update: positive signal
Chinese money and credit numbers for December suggest that policy stimulus is becoming effective, warranting an upgraded assessment of economic prospects. Continue reading
A “monetarist” perspective on current equity markets
Global money growth remains subdued, support from a previous monetary overhang has ended, while the stockbuilding cycle is approaching a less favourable phase for risk assets. Continue reading