GLOBAL MACRO INSIGHTS

The return of strong growth in China is not necessarily good news

The Chinese economy has shown signs of a more robust rebound after lifting Covid restrictions. The manufacturing sector has revealed its most significant improvement over...

At the dawn of a major real estate crisis

Nearly $175 billion in home loans are at risk of default. The rapid rise in interest rates and the end of easy money caused a...

A new world

After the shocks of 2022, a recession for large parts of the world in 2023 seems inevitable. More difficult is to assess the long-term impact...

The resilience of the US bond market

Admittedly, US debt lost almost 13% in 2022 as the Fed raised its target interest rate on overnight lending between banks seven times, from 0.25%...

2023: the perfect storm for the bond market?

Investors found few places to hide in 2022. Both major asset classes: stocks and bonds, fell significantly globally. But if analysts are correct, 2023 will...

A year in hell for the European bond

In 2022, bonds posted their worst performance in modern financial history. German and UK 10-year yields saw their most significant annual increases as sovereign bond...

A new headache for policymakers: the property markets

Rising interest rates combined with high household indebtedness worldwide could cause a general collapse in real estate markets. The case of Sweden is particularly interesting...