We doubt that the US stock market will fare well in the run-up to, and during the early stages of, the next tightening of monetary policy. Admittedly, this would buck the trend since 1970, when, on...

Although the profit share in the US corporate sector is likely to have remained at a very high level in Q4 2012, we continue to expect margins to be squeezed this year. Further gains in the stock...

The events in Cyprus provide another very visible – albeit extreme – illustration of the financial problems which are holding back the global recovery. Indeed, even though the Cypriot economy itself...

There are several possible explanations for the declines in volatility in financial markets over the last year or so. Some have argued that volatility has simply returned to historical norms. Others...