The deal done in Congress at the beginning of this month will potentially result in even larger federal budget deficits than those seen during Ronald Reagan’s time as president. This is a key reason...

After a very strong run, EM bonds, equities and currencies have all faltered recently. Although they have since bounced back a bit, we think that their best days are now over.

The US initially led the recovery in stock markets around the world from their falls of a few weeks ago. But the S&P 500 faltered a bit earlier this week, and we doubt that it will drive global...

We are abandoning our expectation that the dollar will have a last hurrah this year. We had previously expected it to stage a modest rebound against most other developed market currencies, as the...