Colin lloyd Global Economy Expert

Colin is an investment writer and television presenter specialising in macroeconomics and the financial markets.  He is the founder of "In the Long Run", an alternative investment consultancy in 2010 advising hedge funds on sales, marketing and business development. He is also a member of the advisory committee of Asia Alternative Investments Network. Colin holds prestigious qualifications from Columbia University in the City of New York, Yale University and the University of Michigan.

 

Value, Momentum and Carry – Is it Time for Equity Investors to Switch?

·        Index tracking and growth funds have outperformed value managers for several years ·        Last month value was resurgent, but will it last? ·        In the long run, value has offered a better risk adjusted return ·        The long-term expected return from growth stocks remains hard to assess

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Uncertainty and the Countdown to the US Presidential Elections

·        JP Morgan analyse the impact of 14,000 presidential Tweets ·        Gold breaks out to the upside despite US$ strength ·        China backs down slightly over Hong Kong ·        Trump berates Fed Chair and China

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Chinese Currency Manipulation – Trump’s Petard

·        The risk the Sino-US trade war morphs into an international currency war has risen ·        The US$ Index is up since 2010 but its only back to the middle of it range since 2000 ·        The Chinese Yuan will weaken if the Trump administration pushes for higher tariffs ·        Escalation of domestic unrest in Hong Kong will see a flight to safety in the greenback

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Low Yield, No Yield, Negative Yield – Buy Now But Don’t Forget to Sell

·        The amount of negative yielding fixed securities has hit a new record ·        The Federal Reserve and the ECB are expected to resume easing of interest rates ·        Secondary market liquidity for many fixed income securities is dying ·        Outstanding debt is setting all-time highs

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Interest Rates, Global Value Chains and Bank Reserve Requirements

·        Global Value Chains have suffered since 2009. ·        Despite low interest rates, financial costs remain too high. ·        Bank profitability has not recovered, yet banks are still too big to fail.

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