Well-researched tightly-edited regular pieces on themes and issues of current or prospective national, regional, or global significance, extending beyond high frequency commentary, these often challenge consensus thinking.
A tight, 1-page, monthly publication which points up key economic, policy, and political risks that will affect the near-term outlook, generally 3-12 months ahead. Risks concentrates on areas where we consider there are strong grounds for challenging consensus thinking.
A 1-3-page publication which identifies and analyses ̶̶ early ̶ major drivers of forthcoming economic and market outcomes. These drivers include not only the purely macroeconomic, but also policy, technological, demographic, and climatological influences, that stand to have significant implications, whether fairly immediately or over a run of years, for markets, investors, and businesses. Particular attention is paid to risk, and hence developments to watch for.
Macro series - MMT - new wine in old bottles - Apr 2019
A succinct, generally monthly, 1-page publication, which focuses on a major theme of global significance. The Global Letter seeks to be thought-provoking and strategic.
Macro series - Global letter - A world of the three regions - May 2019
Pieces which generally concentrate on a single topic, examined in particular depth, and hence somewhat longer than our signature Comment pieces.
Macro series - Focus - Monetary Psychosis - March 2019
Chart of the month
A ‘killer’ chart or table, with key takeaways and implications for markets and policy, in quick-to-read bullet point form.
Chart of the month - Inflation expectations - June 2019
A short, usually 1-page, piece generally following a visit, giving impressions that typically extend beyond the purely economic, often seeking to capture also the political and social mood.
Postcard - Greece - a long awaited revival - September 2019