Peter ElstonJun 1, 20193 minMacroAn Unwelcome ComebackIn last month’s column I wrote about the yield curve – the difference between long-term and short-term interest rates – and how its...
Peter ElstonMay 1, 20185 minMacroSecular Stagnation? Or the Optimistic View?From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Since the Great...
Peter ElstonAug 1, 20163 minMacroSecular Stagnation and the Natural Rate of Interest One of the most interesting features of global financial markets over the last 20 years has been the inexorable decline in long-term real...
Peter ElstonJul 1, 20166 minMacroKey Questions in the Aftermath of the Brexit Vote to LeaveThere is much that can be written about the referendum result. Indeed, much already has been. I shall try to keep this simple and focus...