This week (and over the coming few weeks) I would like to visit upon a passion of mine, that is the understanding of investment and capital markets within the broader context of history and the political economy. Firstly, I must admit the inspiration for this particular piece came from perhaps one of my all-time favourite intellectuals and money managers, though I consider the latter aspect of his life to be quite secondary to the former. Ray Dalio’s most recent study into the big cycles of the past 500 years was not only stimulating but puts a great amount of context to the world we live in, or at the very least makes the investment framework rather more nuanced.
Following on from last weeks well received article we look once again at the implausibility of a genuine currency war between the US and China. This time we focus more on why it simply doesn't make sense from a Chinese perspective.
First things first, apologies to Dire Straits for the title. This week we would like to examine the implausibility of a genuine currency war for a number of reasons, looking into global financial systems and the way currency (NOT cash) is actually created.
This week Robert Swift takes a look at the currency debate that has been raging recently. Robert takes a look at what has happened so far and how he expects equities to react accordingly. Is it time to increase or decrease your weighting towards international investments?
Markets & Commentary
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