Economic situation

US Presidential Election: The Day has Come

This US presidential election has been unique in many ways. From an investment perspective it is very singular because not only the result is uncertain, but also how the market would respond to the victory of any of the two candidates. Probably this unpredictability is the result of this election being very thin in terms … Continued

Infrastructure planning and moral hazard

As central banks around the world deplete their monetary arsenal without succeeding in reviving growth, strong consensus is building for large fiscal stimulus in the form of infrastructure investments. Contrary to QE, widely criticized for contributing to the increase in social inequality, infrastructure investments are palatable to all parts of the political spectrum as they … Continued