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Standard Chartered's allocation head: 5% is capital scarcity, not a fiscal story
5 calls: Why AI capital spending of $260B in 2024 becomes $1.2T by 2027, where on the bond curve he still wants to be, and the case for gold as…
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Dan Muzzarelli: some US clients cut their non-US allocation below 5% by 2023
7 principles: Why he says there is never a bad time to start, what India, Korea and Japan each offer a portfolio, and why Europe's banks are the ballast…
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Naomi Fink: purchasing power parity puts a dollar at about 100 yen, a long way off
4 insights: why she says a weak yen is not a barometer of Japan's health, who actually decides on intervention, and what a genuine risk-off move would…
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Peter Grandich: above 5% on the 10-year for two days is a bond crisis
10 calls: The level he says breaks the Treasury market, why he thinks a Fed that holds is worse than a Fed that hikes, and the asset he moved into at…
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Peter Elstrom: SoftBank fell about 11% because OpenAI's listing just moved
4 insights: What Beijing's foreign ministry said about the slowdown, why China's labs are not the ones being asked to pace, and how the news reached…
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Jared Dillian: 4 AI magazine covers in 2 weeks mean the market is at the top
17 takeaways: why he is buying bonds at 5.3%, what a rollover in Costco stock would tell him, and the 5-sleeve portfolio he says falls 4–6% when stocks…
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Jamie Halse: Japan small caps trade at 0.9x book, priced on 100-year-old land values
9 takeaways: How activists became kingmakers in Japan's buyout wars, why a Fujitech chairman was ousted over a classic car collection, and what 'that…
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Catherine Austin Fitts: a plan to pull 4B new investors into the dollar system
16 takeaways: Why she says a $136T tokenization wave is coming, how stablecoins could evade US sanctions, and the guardrail bill she wrote in response
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Ken Rogoff: Germany's military spending is why its 10-year yields are at 2011 highs
2 takeaways: Why the bond market now charges more to a government that was not heavily indebted, and Kai Ryssdal's case that rates rising abroad will…
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Nancy Marshall-Genzer: investors are selling older bonds because they expect a Fed hike
4 takeaways: What Fed Chair Kevin Warsh's Jackson Hole promise told investors, how US and Japanese deficits push yields higher, and why stocks fall when…
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Jack Pitcher: global government borrowing costs are the highest in almost 20 years
5 takeaways: Why inflation expectations, oil and deficits are pulling the same way, what Kevin Warsh's hands-off stance does to the September Fed…
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Rob Kaplan: hike once in September, then nothing in October because of the election
9 takeaways: Why he says long-term yields are priced off the deficit rather than the Fed, the neutral-rate math behind one hike, and China's head start…
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