The news that S&P finally pulled the trigger by cutting America's long-term credit rating from AAA to AA+ will surely rock the financial markets when they open on Monday. But any spike in Treasury...

The recent sharp falls in financial markets have vindicated our bold expectations for equity markets and bond yields. While we are not minded significantly to redraw our forecasts at this point, there...

Today’s batch of purchasing managers’ surveys paints a very gloomy picture. Overall, the data are further evidence that the slowdown in global growth is both sharp and broad-based, and suggest not...

History suggests that in many cases a sovereign default ultimately proves to be a good thing for the country concerned, as it can set the stage for economic recovery. This is more likely to be the...