One approach to forecasting long-term government bond yields is to assume that they should normally match the rate of growth of nominal GDP. For example, this approach is currently being used by some...

The improvement in the near term prospects for the global economy has prompted us raise our end- 2011 price forecasts for industrial commodities. However, our new forecasts of $75 per barrel for oil...

Based on a plausible scenario for the evolution of the sustainable growth rate of the economy and the commodity-intensity of activity, China’s commodity demand in 2025 could be half the level that a...

The US equity market is ending the year with a flourish. The S&P 500 has risen by about 5% so far in December, and is not far shy of our year-end target of 1250. Nonetheless, we are sceptical the...