2 November 2017 Despite the flare up of dangerous geopolitical risks, Asian assets have performed exceptionally well in 2017. Indeed, after years of underperformance, the 28% gain in Asian equity markets is twice that of the S&P500. Likewise, shrugging off initial concerns after last year’s US election, most of the region’s currencies have appreciated handsomely … Continue reading Asia: Coping With Trump, China, and the Fed
22 October 2017 Investors appear convinced that stimulative G-7 monetary policies lie behind the markets’ record-setting performance. To be sure, that was the case between 2009 and 2015. During the past three years, however, I believe the impact of monetary policy has been quite neutral, the key driver of markets more recently has shifted from … Continue reading Do Markets Believe Central Banks?
Bank of Japan July 2017
https://www.ft.com/content/da8899ba-e697-11e6-893c-082c54a7f539 A key mastermind of this key Japan reform program argues that Japan requires additional fiscal stimulus.