by Oussama Himani | Dec 20, 2017 | Markets |
A few weeks ago, a simple altercation between two men on a subway platform escalated to a complete lockdown of London’s busiest shopping district. This incident was a perfect example of how the behaviour of a misinformed crowd can lead to astounding outcomes. One...
by Oussama Himani | Nov 29, 2017 | Markets |
The global economy is experiencing a highly-synchronised acceleration of growth. The expansion is broad based, covering all major economies and regions. Despite the absence of inflationary pressures, the strength of US data has helped affirm the Fed’s monetary...
by Oussama Himani | Aug 18, 2017 | Markets |
Since November 2016 we have taken the view, that long term interest rates are set to rise. We believed the Trump administration would enact expansionary fiscal policies. With the economy near full employment and wage pressures rising, the stage is set for inflationary...
by Oussama Himani | Jun 26, 2017 | Markets |
Two months before its due date, the USD 2.1bn PDVSA bond maturing in April 2017 was trading at 36 cents to the dollar, a sign that Venezuela was about to default. However, against all odds, on April 6th, PDVSA paid and bondholders got their hopes up again. Just two...
by Oussama Himani | Jun 6, 2017 | Markets |
Since the Brexit referendum last June, economic fundamentals have defied expectations of a sharp slowdown. Despite considerable policy uncertainty, consumer spending remained buoyant, industrial activity and business investment held up well. Remarkably, the...
