Daily Archives: December 28, 2023

Bonds are betting that falling inflation and rising unemployment will prompt policymakers to cut interest rates next year aggressively. After selling off in 2021 and 2022, the world’s bond market has rebounded sharply into year-end. The Bloomberg Global Aggregate Total … Continue reading →

As real estate prices go, so goes capital investment (yellow bars below since 2013 in China) and employment in economies that become heavily leveraged on the sector. Bubbles are fun on the way up but pretty devastating on the way … Continue reading →