by Jacques Lemoisson | Sep 29, 2023
Some extracts : Yesterday, we noted the “disaster” that was this revision for Q2: instead of the unchanged 1.7% figure of the second estimate of Q2 GDP, the final figure was a disaster of 0.8%, a 9-sigma deviation from estimates… China has no reason...
by Jacques Lemoisson | Sep 28, 2023
Some extracts : We’ll come back to these various points, but first, your scribe will recall his convictions in Global Macro even though the markets no longer have any rules: Duration is the main danger in asset allocation. Markets are increasingly ripe for a...
by Jacques Lemoisson | Sep 27, 2023
Some extract : Yesterday was symptomatic of our markets: neither fundamentals nor positioning were the cause of asset movements (except for rates), …. According to reports, after the US banking sector experienced a period of turbulence earlier this year, total...
by Jacques Lemoisson | Sep 27, 2023
Over the past 10 years, some of the world’s richest have more than doubled their investments in apartments globally, with a particularly heavy emphasis on the U.S, Bloomberg reported, citing research from Knight Frank. With oversupply being an issue in the...
