Macro Thoughts Ltd - With interest rates rising, it is anticipated US household debt will reach $4tn by the end of the year. Does the end justify the means?

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Macro Thoughts Ltd

Keith Grindlay

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With interest rates rising, it is anticipated US household debt will reach $4tn by the end of the year. Does the end justify the means?

Does the end justify the means?

Americans owe more than 26% of their annual income, but home ownership has fallen to levels last seen in the 1960s, and with rising interest rates, indications are that house prices are likely to start falling.

While market focus has been on countries such as India, Indonesia, Greece, and Argentina, if the Dollar strength and oil price rises continue, along with interest rates rising globally, Japan, Europe, Canada, and even Australia, could be at risk.

Since April, Macro Thoughts has highlighted the change in trend for the Dollar and the risks for significant currency adjustments. It was recommended to sell Euro$ from 1.24....

Canada and Australia are suffering falls in house prices in Toronto, Vancouver, Sydney and Melbourne – all of these four cities survived the financial crisis without any serious adjustment, and benefited from the recovery.

05/10/2018 7 EN

Provider

Macro Thoughts Ltd

Since 2012, top tier global Hedge, Pension, Investment and Insurance Fund managers, as well as corporates and private individuals, have benefited from Macro Thoughts’ proven insight, market commentary, hedging, and investment strategies to leverage opportunities, with positive returns on over 75% of strategies, producing double digit returns for our clients over consecutive years.

Macro Thoughts is independently researched and draws on extensive macroeconomic and market experience gained in Fixed Income, Futures, Derivatives, Bond, Forex, Commodity and Equity Index markets and from strong Global Macro investment, risk taking and strategy backgrounds. Far-reaching product knowledge across asset classes enables us to consider hedging and investment strategies that reflect our expected market trends. Macro Thoughts is directed by Keith Grindlay, whose experience spans, somewhat uniquely, both the buy and sell side, having managed trading and investment desks at top tier institutions, ensuring all strategies are evaluated for risk/reward and the optimal instrument(s) for best leveraging the strategy suggested are employed.

Globally recognised for strong analytical skills, aligned with a particular aptitude for anticipating global economic events ahead of the majority of commentators, Macro Thoughts’ independent fundamental economic research and analysis and resultant strategies have a track record that assures exceptional results, with a service that surpasses the model of bank-supplied, partisan research and stands out from the general contributions on platforms that your clients and peers already have access to. The support and value offered by Macro Thoughts, delivering written research and analysis, presentations and consulting services, is backed by decades of macroeconomic and market experience and can be tailored to your specific requirements.

Member of the Royal Economic Society & EuroIRP, the European Association of Independent Research Providers.

www.macrothoughts.co.uk

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Keith Grindlay

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With interest rates rising, it is anticipated US household debt will reach $4tn by the end of the year. Does the end justify the means?

Central bank tapering - an incentive for ESG? Environmental – Social - Governance

Is it too late to address inflation? (US economic data roundup)

Commodity prices have fallen since our May 18 report, and we expect an increase in Forex volatility, especially for Emerging Markets...

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