Blog | macrocredit

Navigating Markets without Safe havens

In Lewis Carroll’s classic children’s book, Alice’s Adventures in Wonderland & Through the Looking-Glass, Alice says, “If I had a world...

The Biggest Risk for Markets: Inflation

Since the start of QE infinity, central bankers have been baffled by the lack of pass-through form monetary policy measures into inflation.

Central Banks Want New Powers, But at What Cost?

Central bankers deserve credit for saving the economy from the financial crisis. They won the battle, but not the war. So now they are...

Alpha Exchange: Podcast

In conversation with Dean Curnutt of Alpha Exchange on the impact of monetary policy on financial markets, the rise of populism and...

BCA New York Conference: 26 September 2019

To see the full agenda, please follow the link to the conference here.

Algebris Macro Credit Fund Outperforms 98% of Peers

(Bloomberg) -- Alberto Gallo’s pessimism toward Argentina is paying off. His $649 million Algebris Macro Credit Fund, co-managed with...

Capitalism is Broken

While many agree that current monetary policies are not sustainable, few have offered realistic alternatives. Here are three. It has been...

Trade Wars and Trade Deals

A US-China deal won't resolve structural issues but could boost financial markets and European growth. Watch the discussion on Bloomberg...

The QE Infinity Trap: Navigating financial crises, populism and Japanification risk

26 March 2019, AXA IM, EC1A 7NX At the end of 2018, fears of a shock to the late-cycle economic equilibrium grew substantially. To...

The Economics of Populism: October 31, 2018

What do Donald Trump, Nigel Farage, Nicolás Maduro, Recep Tayyip Erdoğan, Matteo Salvini and Vladimir Putin have in common? Ten years...

Algebris has launched an 'end of the world fund'

Algebris Investments, the €12bn asset manager, has launched an “end of the world fund” pitched as a solution to the nagging fears of...

Have Central Bankers Missed the Exit Train?

After a decade of stimulus, central bankers have pledged to end loose monetary policy. Their attempts are failing. The Federal Reserve...

Beware the Fragility of the Global Economy

Quantitative easing (QE) saved us from the 2008 crash and kick-started a recovery, but also encouraged a build-up of one-sided risk in...

The Pursuit of Happiness | Lecture at King's College, January 16 2018

Why is today's young generation destined to be poorer than their parents? Why do we have $20tn in central bank balance sheets, but...

Irrational complacency in markets won't last forever

Ten years after the crisis, volatility and fear have disappeared from markets. A synchronous global expansion coupled with persistently...

How the American Dream turned into greed and inequality

The American Dream is broken. Paul Ryan, speaker of the House of Representatives, recently stated that "in our country, the condition of...

A volatility trap is inflating market bubbles

Investors face a conundrum: The world is experiencing a record synchronous growth phase, but an increasing number of assets are becoming...

Who will bite first: reality, or the Bank of England?

The Bank of England’s hawkish talk has resonated in markets. Sterling has climbed and the gilt yield curve priced more than one hike...

Central banks need to end QE, for the sake of markets

The annual Jackson Hole symposium on monetary policy starts this week. It will be about “Fostering a Dynamic Global Economy”: In other...

A destructive Brexit will create no winners, only a divided, poorer UK

With its back against the sea and outmatched in numbers, the British army managed to escape from Dunkirk and win the war. One year into...

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