Recent elections in Hungary and the Netherlands, along with Trump 2.0's flagging support, led some to speculate that world-wide political populism may be peaking. However, these hopes were dashed by the UK local election results in which Reform UK was the big winner, and nationalist parties took control in Scotland, Wales, and Northern Ireland. In … Continue reading Can the United Kingdom Be Fixed?
Tag: natural gas
Japan: Resilient, But For How Long?
Asia has been identified correctly as the most vulnerable region to both the Iran War and Trump 2.0 tariffs. Overall, recent financial market performance has reflected these risks (next Chart). Indeed, equities in most Asian countries have lagged global and US indices, and most regional currencies have weakened. Perhaps surprisingly, however, Japan has been an … Continue reading Japan: Resilient, But For How Long?
Asia: Hormuz — Energy Security & Transition
In an earlier blog "Iran: Assessing the Economic Fallout", I identified Asia as the most vulnerable region to the war in Iran and the closure of the Strait of Hormuz. Subsequently, financial markets have reflected these risks. Indeed, countries from Pakistan to the Philippines have taken recent measures to cope with the economic fallout. Now, … Continue reading Asia: Hormuz — Energy Security & Transition
Iran War: Assessing the Economic Fallout
The US-Israeli attacks on Iran, and the virtual closure of the Strait of Hormuz, have sent oil prices soaring above $100 per barrel. With the war now two weeks old, I consider some of the economic and financial market fallout. As the consequences will increase the longer the conflict continues, the failure of the Trump … Continue reading Iran War: Assessing the Economic Fallout