End of Empire?
7th September 2021
Recent US withdrawal from Afghanistan has caused a rethink of American global hegemony More worrying are the striking similarities between the impossible nature of US objectives in Afghanistan and the steadfast adherence of the Fed (and others) to ineffective policy tools in pursuit of equally unattainable outcomes Inflation can pile pressure on the Fed via […] more
Credit Market Overview
2nd September 2021
Click the link below for our latest summary on last month’s credit market performance and corporate activity. CLICK HERE TO READ THE FULL ARTICLE. For more information please contact Rubrics Asset Management. info@rubricsam.com. more
Credit Market Overview
3rd August 2021
Click the link below for our latest summary on last month’s credit market performance and corporate activity. CLICK HERE TO READ THE FULL ARTICLE. For more information please contact Rubrics Asset Management. info@rubricsam.com. more
Decision Time
28th July 2021
Central Bank Quantitative Easing has led to increased wealth inequality and other problems The costs of QE now outweigh the benefits, but the policy continues to avoid market disruption Policy makers have promised inflation is transitory – but have been wrong about much else It’s time for central banks to tighten monetary policy – this […] more
Credit Market Overview
2nd July 2021
Click the link below for our latest summary on last month’s credit market performance and corporate activity. CLICK HERE TO READ THE FULL ARTICLE. For more information please contact Rubrics Asset Management. info@rubricsam.com. more
Challenging the Narrative
21st June 2021
Changing economic paradigm can lead to structural shift in expectations around inflation, growth and central bank intervention Decades of progressively loose monetary policy have led to dangerous complacency in financial markets Inflation debate will continue to rage – combination of factors to a play part in shifting market expectations ‘Goldilocks’ outcome for economy and markets […] more
Credit Market Overview
2nd June 2021
Click the link below for our latest summary on last month’s credit market performance and corporate activity. CLICK HERE TO READ THE FULL ARTICLE. For more information please contact Rubrics Asset Management. info@rubricsam.com. more
Transitory or Prolonged?
14th May 2021
Strong upside inflationary surprise delivering data not seen since 1980s While certain outliers appear transitory in nature (used autos), enough momentum/supply side pressure to see inflation linger Longer term picture remains unclear – forward inflation expectations a key signal How strong does data need to get before Fed/Fiscal stance is altered CLICK HERE TO READ […] more
Payroll Puzzler
10th May 2021
Headline payroll result represents largest miss, in terms of magnitude, since mid-90s. However, underlying dynamics not quite as straightforward Suggestion that fiscal stimulus is dissuading people from taking jobs – can this hamper future stimulus spending? With inflation expectations surging, along with general market risk taking, Fed faces policy dilemma CLICK HERE TO READ THE […] more
Credit Market Overview
5th May 2021
Click the link below for our latest summary on last month’s credit market performance and corporate activity. CLICK HERE TO READ THE FULL ARTICLE. For more information please contact Rubrics Asset Management. info@rubricsam.com. more
