by Ryan Littlestone | October 9th, 2019, 15:29:34 | Research
Fixed Income Research & Macro Strategy (FIRMS) 8 October 2019 It is perhaps obvious that Personal Consumption Expenditure (PCE) or consumer demand is critical to US economic growth. PCE growth has accounted for over 80% of US real GDP growth since end-2013 (see...
by Ryan Littlestone | September 13th, 2019, 12:01:33 | News, Research
Fixed Income Research & Macro Strategy (FIRMS) – 12 September 2019 Not a day passes without the media and US President Trump pointing the finger at “currency wars” and “competitive devaluations”. The thrust of the argument is that central banks across the world,...
by Ryan Littlestone | July 11th, 2019, 17:18:59 | Research
Fixed Income Research & Macro Strategy (FIRMS) – 10 July 2019 European Central Bank President Mario Draghi will step down at the end of his eight-year term on 31 October. Christine Lagarde, the head of the IMF – which has implicitly called for looser global...
by Ryan Littlestone | June 27th, 2019, 16:14:09 | Research
4X Global Research – Fixed Income Research & Macro Strategy (FIRMS) – 26 June 2019 It is now three years since the referendum on 23rd June 2016 in which 52% of the British electorate voted for the UK to exit the EU. The issue of whether, when and how the UK...
by Ryan Littlestone | April 18th, 2019, 18:05:18 | Research
Fixed Income Research & Macro Strategy (FIRMS) – 18 April 2019 Much has happened in the past two months and yet the UK finds itself in a similar situation as in mid-October 2018 when it had just over five months to get a deal through parliament before its...