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Unruly Markets are a Surprise

With mainstream media having reported last week’s market carnage and subsequent recovery to death, there is little point in us going over the same ground. With the extreme volatility seen in the last two weeks, it has been incredibly easy for commentators/traders/investors to appear foolish. Bulls look foolish as the market collapses and bears look foolish as the market recovers. ...

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After a Brutal Week in Markets - What Could Happen Next?

Having been flashing warning signals for months, developed equity markets finally seem to be breaking down. What seems to be ironic is that the downside acceleration seen last week started very shortly after what were viewed as dovish minutes from the last Federal Reserve FOMC meeting. Perhaps the promise of low interest rates simply isn’t enough anymore to buoy equity ...

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China Currency Devaluation and the Implications for the Global Economy

China surprised nearly everyone in the financial markets when it devalued the Yuan last week. Although the move was relatively small (2.9% for the onshore rate and 3.7% for the offshore rate), what happens next is extremely important for global markets. If the move was a one off, then the impact will be limited. If, however, this is the start ...