Aug 24, 20233 minUS HomebuildersThis is a different sort of blog, as I will be asking John Calverley, our Chief Economist, a few questions about US homebuilders and the...
Aug 17, 20234 minChina's slowdown - Implications for the WestLast week I argued that China is set for continuing slow growth but probably no crisis. Data this week on industrial production, retail...
Aug 9, 20232 minUK defence sharesThe share price of BAE Systems is knocking on all-time highs again, in line with our view from over a year ago that defence names would...
Aug 3, 20234 minChina stimulus: Almost out of ammoWith economic growth sluggish and deflation threatening, Chinese policy-makers are bravely talking about new stimulus. And there is some....
Jul 26, 20232 minUK defence company catches a bidWe have argued over the last few years about the merits of building up a ‘defensive’ portfolio given the Russian sabre rattling in 2021,...
Jul 17, 20232 minWould a weaker CNY help China?The quick answer is yes, a weaker CNY would help China’s economic growth, as this may boost exports. The more considered answer would...