Jan 5, 2026 2:18 pm
Venezuelan Oil: Immense Geology, Heavy Reality Executive summary Events over the past few days have materially altered how Venezuela’s oil endowment is being discussed in the context of future global supply. From a pariah state long constrained by sanctions and naval pressure, the apparent US control of key security and energy decisions has brought…
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Jan 5, 2026 12:32 pm
A very happpy New Year to all our clients and frirnds of The Global CIO Office. Whishing you all a prosperous New Year Ahead Table 1: Assset Class returns to end Deceber 2025 (USD) Source: Bloomberg Executive Summary 2025 will be remembered as the year in which global markets stopped taking US policy announcements at…
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Dec 22, 2025 10:25 am
Markets will close the year having delivered respectable returns. That matters. Financial growth supports savings, and investment, and it provides a degree of stability. But growth is broader than a GDP definition or asset market performance alone. We live in a world of human beings, not just monetary wealth, and progress must also be judged…
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Dec 16, 2025 1:44 pm
• A three way split at the Fed does not bode well for next year • Dot plot looks like a Christmas tree • Lack of building consensus and politicisation does not help • The middle path suggest more rate cuts next year – for political reason that may be right…. but it doesnt mean…
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