Taking stock of our 2019 views

In 2019 the key drivers of global markets have been trade tensions and central bank easing, in our view. We were early to see that a protectionist push would hurt the industrial cycle and business investment — a key reason for our global growth downgrade. And we were correct to say that government bonds would […]


Is the Future still Bright?

It was almost seven years ago when I wrote “The Future’s so Bright …” I noted that I was the most optimistic since the ’90s, and that things would only getting better. I pointed out that housing starts would increase significantly over the next several years, that state and local governments would start hiring again, […]


CoreLogic: House Prices up 3.5% Year-over-year in October

Notes: This CoreLogic House Price Index report is for October. The recent Case-Shiller index release was for September. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic Reports October Home Prices Increased by 3.5% Year Over Year Home prices nationwide, including distressed sales, increased year over […]


The NHS: some facts

 Some facts on the NHS seem to be important to inform debate. Try these: New Accident and Emergency waiting times figures are the worst since targets were introduced in 2004, with one in six patients waiting longer than four hours for an appointment. 83.6% of patients were treated in four hours or less in October, […]