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Previous Issues
2019
September Real interest rates go negative as the Perennials change the economy
SPECIAL China's devaluation risks opening the world's debt-fuelled Ring of Fire
July/August Global economy slows, paradigm shifts develop, geo-political tensions rise
June Fed battles economic slowdown as bond market challenges mount
May Trump's trade war challenges investors' "suspension of disbelief"
April Oil market outages boost apparent demand as buyers stock up
March China's lending boost highlights debt risks
February Markets learn their own version of Heisenberg's Uncertainty Principle
January The end of Business as Usual
2018
December Recession beckons as the 'Bitcoin economy' ends
November Smartphone sales recession highlights economic slowdown
October Chemicals flag rising recession risks
September Storm clouds gather over the global economy
July/August Confusion now has made his masterpiece
June President Trump's trade wars increase recession risk
May Risks rise for a synchronised global downturn
April Rising volatility suggests economic trends are changing
March "Time to fasten seatbelts" as Xi Jinping takes full charge
February Collecting pennies ahead of steamrollers is a dangerous game
January US PE expansions face 'moment of truth' as volatility rises
2017
December 6 likely Challenges for today's 'Bitcoin economy' in 2018
November “L’Etat, c’ést moi” - Xi takes full control in China
October 'The calm before the storm'
September '4 Debt-related risks ... and 3 Hurricanes'
July/August 'China moves centre stage as Q4 National Congress nears'
June 'Nobody knows what is going to happen in the next 12 months'
May 'Consensus breeds complacency on oil, China, economic outlook'
April 'Autos, chemicals, challenge belief in global reflation'
March 'One year on - economic transformation in the Middle and Desert Kingdoms'
February 'N American PE expansions face moment of truth'
January 'The world is about to become a very different place'
2016
December 'Nothing to worry about'
November 'Trump Brexit confirm - Its the demographics stupid'
October 'Business as usual options fade in post-Brexit world'
September 'Chemicals flag rising risk of economic downturn'
July/August 'Brexit opens new fault lines in the 'Ring of Fire''
June 'Ageing populations create paradigm shift for growth'
May 'Desert and Middle Kingdoms aim for economic transformation'
April 'You can't print babies'
March 'Oil market volatility hits near-record highs'
February 'China focuses on self-sufficiency'
January 2016 Outlook, 'The end of the beginning'
2015
December 2015 Review - 'Price discovery returns to oil markets'
November 'Best pay attention to 十三 五'
October '5 oil market myths'
September 'China bursts commodities super-bubble'
August 'Impact of $25bbl oil'
July 'China's stock market collapse'
June 'China says Goodbye to Stimulus'
March 'Deflation & Debt'
2014