Are Eurozone money trends inflecting weaker?
Eurozone March money numbers suggest that further ECB policy easing will be required to insulate the economy from global weakness. Continue reading
Global money update: cavalry arriving?
A rise in money growth, if sustained, could offset US tariff damage. Continue reading
Echoes of 1971
Current events are reminiscent of the same stage of the last 54-year Kondratyev cycle. Continue reading
Chinese / Japanese monetary divergence still widening
Monetary trends suggest that China’s economy is better placed to withstand tariff damage than Japan’s. Continue reading
A “monetarist” perspective on current equity markets
A promising recovery in global money growth may be insufficient to offset lagged effects of prior tightness and the US trade policy shock. Continue reading