Insights

US President Donald Trump wants America to have the world’s lowest interest rates. However, in September his chosen Federal Reserve chairman raised them. Concurrently, US government bonds suffered their worst month…

America’s national debt surpassed an eye-popping $40 trillion last month. The country still runs a budget deficit of around 6% of GDP, unusually large for an economy that is growing. Interest on past borrowing now…

One of the more surprising features of the global economy has been its resilience. Tariffs have risen, trade tensions have deepened and geopolitical uncertainty has become a more permanent feature of business…

July brought an uneasy sense of déjà vu to markets. The fragile ceasefire between America and Iran collapsed, missile exchanges resumed and the Strait of Hormuz was once again closed to traffic. Iran struck tankers…

Foord’s M.I.C.E. framework looks at four forces that support markets or hold them back: Money, Interest rates, Confidence and Earnings. All four matter, but they do not always matter equally. In today’s…

For some weeks, the oil market hastily chose to believe in the US-Iran ceasefire deal. After the adversaries announced a 60-day pause and a path to reopening the Strait of Hormuz, Brent crude quickly fell towards…