CIO Archive

No economic slump, falling inflation and the first interest rate cuts. Not a bad environment for capital investments, especially bonds. AI must deliver soon for equities.

Alternatives, Fixed Income, Equities, Macro, Multi Asset

Apr 17, 2023 Macro

Aging societies – the end of “Japanification”

“Japanification” = shorthand for countries with persisting low inflation and yields, but the comparisons fall short

Macro

Jul 14, 2023 Macro

After the pandemic savings glut

Why we think there might still be excess savings left, even among U.S. households, to keep the global economy rolling for a little longer.

Consumer

Jul 05, 2024 Central banks

After the June cut: what’s ahead for ECB rates

The ECB cut its policy rates in June, as expected. But that does not mean that the Frankfurt- based central bank will cut again in July.

Central banks, Interest Rates

Oct 20, 2023 Equities

A Korean sneak preview

Can global central banks really engineer a smooth end after a turbulent pandemic ride? South Korea’s property markets may offer some fascinating glimpses at the future.

Equities

Oct 06, 2023 Americas

A House without a Speaker

Chaos on Capitol Hill is likely to have surprisingly benign consequences for the dollar.

Currencies

Nov 22, 2023 Letter to Investors

2024 – it could be good, by year end

By: Björn Jesch

How optimistic can we be about investments in 2024 if the year starts with a recession? We can to some extent because our forecasts focus on the end of the year.

Alternatives, Fixed Income, Equities, Macro, Multi Asset