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Geopolitics Outlook 2019: Q&A with Peter Zeihan

pz outlook 2019 snip

As the year ended with global unknowns and market uncertainties weighing on investors’ minds, we sat down with geopolitical strategist Peter Zeihan to discuss his outlook for 2019. His top predictions included calls on Brexit, a US-Britain trade deal, China’s exit from world trade, new chaos in Europe including an end of democracy in Germany […]

Spotlight Novozymes: An Innovation Catalyst

Enzyme fermentation at Novozymes in Denmark, credit: ChemistryWorld and Novozymes.

For decades, industries worldwide have used toxic chemicals like fertilizers, pesticides and antibiotics that are harmful to people and the environment to drive profits. Denmark-based Novozymes is working to replace those chemical processes with enzymes, naturally derived proteins that initiate biochemical reactions. This Knowledge Leader ferments enzymes into tiny granules and liquids to help customers […]

Mid-Quarter Update: The Fed is Tightening More than it Realizes

midqchart

The Federal Reserve is in the midst of an historic tightening cycle, and it has begun to impact the economy.  The latest casualty is the decline in oil prices, which opens up a new set of possibilities in asset allocation. In this special report, we look at the collective causes and effects of US monetary policy. We also describe historically […]

Quarterly Strategy Update: The Investment Consequences of a Normalization in Long Rates

p3 quarterly

On this quarter’s conference call, Steve and Bryce dissected US Treasury bonds, discussing the message of the rates market and how this is directing asset allocation. The following slide deck covers their discussion of the following: The bond market has enjoyed a 10-year tailwind from a collapsing term premium. We believe this is probably over […]

What We’re Reading

Straight Talk

Recently we were asked about the latest books and ideas contributing to our economic analysis. Here’s an incomplete list of what we’ve been reading this summer. Straight Talk on Trade: Ideas for a Sane World Economy  By Dani Rodrik A discussion of free trade and how nations can sensibly chart a path forward in today’s […]

Quarterly Strategy Update: What We Know, What We Think & What We Are Unsure Of

q2

Recently, fears of a slowdown in global growth brought on by a trade war have led to turbulence in cyclical assets. The US Dollar has risen while commodities and emerging markets have struggled. The Chinese Yuan has depreciated significantly, recalling fears of the 2014-2016 industrial recession. This quarter, we examine the outlook for economic growth […]