The energy and inflation crises have uncovered cracks in the long-standing global foreign exchange regime. A new approach to currency management is required...

The only way to tackle the new inflationary regime is a credible and abrupt change in the approach to policy: but this seems unlikely to happen.

In the current high-inflation regime, the use of fiscal space must: (1) be rule-based; and (2) preserve the possibility of a cooperative game between...

After years of dormant peripheral risk, the recent resurgence of fragmentation issues in Europe, amid rising stagflationary risks at a time of Central...

Understanding how the misallocation of capital in the last macro-financial regime laid the foundations for the prospect of stagflation today.

Understanding why the idea of the fiscal 'free lunch' is an illusion while global debt remains at record highs, and moving into a more fragmented world.

Our analysis suggests that narratives complement traditional macro variables when it comes to explaining financial market behaviour.

Dealing with the changes driven by the energy transition requires a complete rethinking of asset class returns forecasting and brings major implications...

In this piece we address the impact of de-globalization on investors, and in particular the road back to the benefits of international diversification.

Understanding the long-term implications of the Russian-Ukraine conflict in the regime shift in course.

Understanding the linkage between money velocity, psychology of inflation in the regime shift, and consequence for investors.

ESG (environmental, social, and governance) investing has been making news headlines recently.

Explore the shifting narratives surrounding China's emergence from the U.S. shadow, analyzing key factors influencing China's global presence and the...

The return of inflation is clearly one of the top themes of 2021 and the post-pandemic economic revival.

Investors have enjoyed stellar performances over the last twelve months. A 60/40 traditional global equity/bond portfolio returned around 19% on a one-year...