Macro Matters is a global investment blog brought to you by LGIM’s Asset Allocation team. We’re focused on sharing our most compelling thinking to help you become more informed investors.

Latest articles

Economics

Disco dancing data

Global economic data releases have surprised to the downside in recent months, particularly in Europe. While some of this appears to be noise (data were unexplainably strong in the last quarter of 2017), higher oil prices pose further downside risks.

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Economics

Let's Twist Again

The long-end of the US yield curve is at its flattest for over a decade, risking distortions in the economy as the Fed raises rates. If this continues, at what point will the central bank get its dancing shoes on and consider Operation 'Twist Again'?

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Macrobites

Italy: too big to fail, too big to bail

 

Political risk is back with a vengeance in Italy. As the third largest global issuer of government bonds after the US and Japan, the country is too big to be allowed to fail without severe contagion to the global financial system. However, it is also too big to bail out comfortably using tried and tested mechanisms.

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Portfolio Thinking

Risky or not? The currency hedging debate for equities

Some investors propose hedging all currency exposure while others see no benefit to hedging at all, so is currency exposure a risk?

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Economics

Without ARMs, does the US economy have legs?

The US might be less sensitive to interest rate increases than commonly thought.

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Strategy

Five Star Radio

The new political paradigm has thrown up another populist government in Italy, threatening the European project. Meanwhile in the US, could "Operation Twist Again" come into play as investors stress about ever-flatter yield curves?

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Strategy

The Butterfly Effect

I’m passionate about macro investing. As long as the markets are open, I don’t think about much else. Some people call it passion, others call it addiction.

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