Sign in Subscribe

tmai

Hard Assets and Gold

With gold trading at an all-time high and many commodity prices on the rise again, it is starting to feel as though the next wave of inflation is approaching. This is now being priced in by financial markets, assisted by policy uncertainty and the rise in tariffs. USA Two-Year Inflation

Japan, Tariffs and Insurance

Trades in Whisky and Soda; There are two trades this week, so let’s get straight to it. The Japanese stockmarket peaked relative to the world in 1988, as shown below against the world index. Since then, it has underperformed by 90.5%, as shown in blue. Could it be

Resetting

Trades in Whisky and Soda; The US Treasury Secretary, Scott Bessent, was interviewed on CNBC to make the point that they are working to avoid a financial crisis that could be the result of massive government spending over the past few years. He said, “We are resetting, and we are

The Double Discount

Trade in Soda; There’s a property trade today, but before I get to that, investors mustn’t forget that President Trump is a property developer at heart who loves large piles of cheap debt. He has little intention of ever repaying it but is keen to reduce its cost.

US Recession Forecast by Atlanta Fed

US Recession Forecast by Atlanta Fed

Trades in Soda and Whisky; The events over the weekend were quite something. The spat in the Oval Office has brought Europe together, with the UK at the forefront. While I would be an outright critic of Labour’s economic policy, Starmer has certainly stepped up as a leader in

Gold to the USA, Dollars to Europe

There has been much talk about the gold moving to the USA, but what about the dollars coming the other way? The dollar is down this year, with most of the gains shifting to the most undervalued currencies, notably the Japanese yen and the Swedish krona. This year has seen

A Soft Dollar Will Fuel the Gulf States

Trade in Whisky; The world has sat back and watched President Trump thrust his agenda, including tariffs, Ukraine, Gaza, Europe, DOGE, Greenland and more. There is pushback building in all areas, and it is unlikely he’ll get his way. Still, he’ll have a go, and the disruption is