Financial Instability

Blog: Markets to Politics - "Leave me alone."

Can markets continue to ignore politics?

Blog: Credit Risk Makes for Turbulent Markets

High volatility, sideways markets are likely. But we're not far from a Fragile state.

Blog: The Risks Keep Piling up

But we have not yet reached critical mass.

Blog: Are Credit Markets Making their Move?

Macro risks increase as credit spreads widen.

Blog: Is the Bond Market Sending a Signal, or Noise?

Is the rise in bond yields a signal, or just noise?

Blog: Will Rogue AI Pop the AI Bubble?

Bubbles depend upon stories. If the story changes, the bubble can pop.

Blog: Monetary Policy and Politicians Revisited

Interest Rate cuts continue to be a bad idea.

Blog: Is Emerging Market Risk Different From the Others?

EM may be a better reflection of AI Bubble risks.

Blog: Is No News, Good News?

Apparent lack of developments are just part of the fog of investing.

Blog: Inflation is the Match

Private Credit is the bomb.