Who Picks Up The Bill? Part 2

Who Picks Up The Bill? Part 2 Macro Print for 13 October 2020 · by Roger Hirst Key Takeaways In the last Macro print, we analyzed how Austerity and Taxation work in the context of financing fiscal spending. We concluded that, given the current levels of stimulus,...

Who Picks Up The Bill? Part 1

Who Picks Up The Bill? Part 1 Macro Print for 3 September 2020 · by Roger Hirst Download as PDF Key Takeaways Given the recent $20 trillion of stimulus sponsored by governments and Central Banks all over the world to keep the global economy afloat amidst the COVID...

Can Policy Makers turn the ‘V’ into Victory?

Can Policy Makers turn the ‘V’ into Victory? Macro Print for 29 July 2020 · by Roger Hirst Download as PDF Key Takeaways Many global data points appear to be carving out a V-shaped recovery. This is deeply misleading, merely reflecting the depth of the economic...

Destructive Creation: Killing Growth With More Stimulus

Destructive Creation: Killing Growth with More Stimulus Macro Print for 25 June 2020 · by Roger Hirst Download as PDF Key Takeaways Has the U.S. equity market become a reverse indicator in which higher prices represent a decline in the prospects for economic growth?...

Fiscal Stimulus: a Cure or a Curse?

Fiscal Stimulus: A Cure or a Curse? Macro Print for 28 May 2020 · by Roger Hirst Download as PDF Key Takeaways We can expect to see some level of inflationary bottlenecks, especially in heavy industries which are easily switched off, but take time to switch back on....