Author: Alex Jefferies
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Khwaja or Smith? How do you set your field in this market environment?
Fill your slip cordon? Put in a close ring in front of the bat? Whack some sweepers out on the ropes to contain the boundaries? At this point I may have lost a few readers who aren’t bothered by cricket and even less bothered by the current Ashes series going on. But having seen the…
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India: a structural growth story if I ever saw one
2022 has been a year where geopolitics has come sharply into focus. Nations globally jostle for position in a multipolar world, whether in the US, Europe, or Asia. You hear a lot about US-Sino tensions and for good reason given they’re the two largest economies in the world vying for dominance. Naturally, with China having…
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Entering the centrifuge: how will ‘wokeness’ fare in an age of higher neutral rates?
One thing I was always taught when faced with a convoluted essay question at university is, whatever you do, do not start with some ‘definition’ you got from the dictionary. Why? Well, they’re pretty vague and only get you so far, and I’d be lying if I said I wasn’t still scarred from some incredibly…
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Schrödinger’s Plates: is democracy broken and not broken all at the same time?
At the time of writing, the UK had seen one of its most challenging economic environments in recent history; 13 years of secular yield compression reversed in 9 months culminating in a 1 in 400-year yield move at the long end of the curve; this is without mentioning that the Pound got close to parity…
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Populations: our greatest strength yet our weakest link
Soaring populations. Ageing populations. Poor demographics. An abundance of pensioners. Secular declines of the workforce and thus global productivity. Yes, for this article I’ve kicked things off with a real ‘glass half full’ mindset. Sarcasm aside, my concern is well founded. Population growth and the demographics therein is, in my opinion, the most underrepresented topic…
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Deglobalisation: a new phenomenon or just another episode?
Deglobalisation has been hot on investors’ minds since COVID-19 broke out a few years ago. The virus exposed the fragility of over-extended supply chains, and thus the difficulty in manufacturing when ordering and delivering parts became so complex and convoluted. The trapped Ever Given in the Suez, ships building up on the coasts of Shanghai…
The bulls and the bears 