We expect 2011 to be a year of generally disappointing growth but also fading fears of inflation in the developed economies, with lower industrial commodity prices and a stronger US dollar against...

Gilts have had a rough ride over the past couple of months in common with the government bonds of other major economies. Things are unlikely to improve for a while – we think the 10-year yield will...

The Brazilian government’s accusations that the US is engaged in a “currency war” are always good for a headline but continue to have little foundation. China’s manipulation of the renminbi remains a...

Despite some hopes to the contrary, China is unlikely to be able or willing to do much to solve the debt crisis in the euro-zone. China was presumably already buying a significant amount of peripheral...