Citi comes up with another strategic refresh plan. But new CEO Fraser seems more convincing as she focuses on Citi's competitive advantages. Move to Neutral on stock and benchmark bonds. Regulatory and counterparty risk at Medium levels.
Latest hedge fund problem/liquidation shows how bank risk is still opaque. Need other tools for investors/risk managers to assess bank resiliency. Viola Risk's systemic shortfall breakevens is an answer.
Dr. Scott & crew discusses the major U.S. trends with new President Biden calling the shots. Touches on Fed and EM investment flows. Deeper dives on Germany and Venezuela.
Dr. Scott winds up the year with his global economic outlook for 2021 and impacts to markets. The decline of COVID-19 and the U.S. political transition are front and center for 1H21. Both U.S. and European economies to pick up over course of 2021 making a positive foundation for market performance.
Dr. Scott gives his global economic outlook for 2021 focusing on the US, Europe and the tensions between Australia and China. Fast and furioius growth in November should trend forward in 2021 as Covid-19 is mitigated by the host of vaccines.
The US Presidential Election is over, but is it? So says Dr. Scott with his early reads on upcoming foreign and economic policy under the President-elect Biden administration. Still, legal challenges can not be ruled out causing market volatility. China still a rising super-power threat with Biden more similar to Trump on how to handle. Europe elated as Biden will give them the bear-hug they desperately needed.
Dr. Scott scans the presidential race landscape for signs of economic and markets life post election. With a Biden win, that he leans towards, taxes will rise considerably with volatilie & downward stock markets to follow. Bond markets will welcome fiscal responsibility, but could get hammered if the economy falters first.
Dr. Scott continues his Howard Cosell-esqe commentary on the U.S. elections as the relationship between the U.S. and China takes center stage. The two sumo wrestler nations are trying to tip each other over in their quest for global hegemony. China goes on U.S. Treasury diet to upset U.S. physical dominance.
Dr. Scott looks at the Biden-Harris ticket and gives it a stamp of approval; with President Trump squashing the Post Office as snail mail goes crustacean subnation. It will be quite a political food-fight as the USA goes from Big Apple brightness to Banana Republic frightness.
The US economy is in a dichotomy state between the suffering from truely high unemployment & depressed GDP, and the stock market surge led by the Big Tech stocks. Which way will the US economic go-kart swerves in the end is a centripetal force question to be answered