Economic Growth
Indonesia will not revert to dictatorship. Yet the guardrails against authoritarianism are also constraining the actions of the next government in tackling near term domestic and regional challenges. For long-term positioning, use potential selloff from a “dictatorship scare” to build position as structural outlook for Indonesia is positive due to the China-West divorce and the global energy transition.
US Banks' Lending Conditions Continue To Tighten…
January Survey Results: Invincible…
US Economic Surprises Are Rising Again…
Near-Identical Rate Cuts In The G7 Is A Mispricing…
When will the US also buckle under high rates? We expect a US recession to begin around mid-year. Stay defensive.
Tight Credit Spreads Offer Inadequate Protection…
Powell Pushes Back Against March Rate Cut…
Sluggish Economic Conditions Persist In China…
S&P 500 Margins: Race To The Bottom - Unit Labor Costs vs Pricing Power…