Jan 28, 2026 12:00 am
• Beyond the Davos rhetoric, markets are moving towards Canada PM Carney’s vision of a polycentric world shaped by changed capital flows and state balance-sheet credibility. • Precious metals (Gold +9%) , LatAm equities (+5%), and non-USD currencies are signalling regime change, not cyclical noise. • Portfolios should reduce US concentration and increase exposure to…
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Jan 27, 2026 7:12 am
Debate around artificial intelligence has become overly focused on existential or ethical risk, while a more immediate and historically familiar danger receives less attention: financial fragility created by private-market excess. The current capital-raising efforts of OpenAI, including a high-profile funding tour through the Middle East, provide a timely real-world context in which to examine this…
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Jan 23, 2026 10:06 am
Markets, policymakers, and commentators are understandably absorbed by the immediacy of events. President Trump’s unorthodox policymaking, the visible erosion of trust in Western governments, the rise of political “hard men”, popular unrest in Iran, and the weakening of institutions forged after the Second World War dominate daily analysis. Each development is debated intensely, often framed…
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Jan 20, 2026 7:37 am
• US growth has been firmer than many feared • As geopolitics remains hot, tariffs are back on the agenda • We see risks of Europe experiencing faltering growth, and higher US inflation • To us, Japan is still a clean story For a brief moment late last week, it felt as though the global…
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