Articles

China's Trade Machine: Built for a World That Keeps Getting More Hostile. Is the Services Balance the Next Frontier?

The long read: Three Phases of Artificial Intelligence. Why the Road to Deflation Runs Through Inflation First. The Risk from Phase Two

From Debt Brake to Reform Gap: Germany's Paradox of 2026

The US Jobs Report Was a Sideshow: Here Is the Real Inflation Story. Investment Booms, Defence Spending, Demographics and AI Friction

The Fed's impossible position: War inflation, an AI boom and a kamikaze president

Cheap yen, expensive complacency: What euro-yen is really telling investors

Weekly Update - June 3, 2026

Europe's four-front battle for digital sovereignty: Europe must build, not just forbid, its digital future

The right industrial kit: How Sweden turned Europe's headwinds into tailwinds

Interactive presentation: AI breaks the ceteris paribus assumption

Who pays for America's AI boom? Concentrated gains, distributed pain

Has the Train Left the Station Without Europe? Demographics Are No Excuse (Include interactive video)

Weekly Update - May 27, 2026

Podcast interview with former White House adviser: The world is not just turbulent - it faces a seismic shift

There will be no update on Monday, 25 May, a public holiday in Denmark

Weak IFO Survey Shows Berlin Losing Its Grip as AfD Surges Ahead

The price of capital is rising, but Europe is still far behind

Weekly Update - May 20, 2026

Ahead of the curve: what Japan got right - and what it means for Western bond markets

The surplus economy: China's export machine and Europe's moment of choice

Self-inflicted: How Trump's Iran gamble is undermining his own economic programme. Higher bond yields

Weekly Update - May 13, 2026

There will be no update on Thursday, 14 May, a public holiday in Denmark, and on Friday, 15 May

South Korea's AI dividend dilemma, combined with the Iran Crisis, could lead to several rate hikes

US labour market: Strong enough to worry, weak enough to stall, but no room for cuts

China holds its ground: Trade, rare earths, and Taiwan at the Beijing summit

Trump and Vance's AI boomerang - how Anthropic's CEO triggered the backlash

Not waiting for Berlin: How German industry is building its own recovery

Weekly Update - May 6, 2026

Video: Global Macroeconomic Update Presentation

America Is Growing Into a Corner: 1.5% point AI-related Growth, $120 Oil, and a Fed That Cannot Move

Saved to a standstill: Germany, reform fatigue and Europe's diverging economies

The Confidence Cliff: Europe's April Survey Confirms the Stagflation Diagnosis

Weekly Update - April 29, 2026

Britain: An Economy Without Shock Absorbers

Germany's Frozen Engine: GfK Survey Shows Consumer Despair and Political Paralysis

Europe: The Regulatory Superpower With No Artificial Intelligence to Regulate

IFO survey: Europe's Demand Wave Is Coming. The Supply Side Is Not Ready

China Is Doing to AI What It Did to Solar Panels. Wall Street Hasn't Noticed.

Weekly Update - April 22, 2026

From Lost Decades to Lonely Frontrunner: Japan's Structural Resilience

A follow-up: Merz Is Running Out of Time - And So Is Germany

Orban Falls, But Europe's Crisis Is Far From Over: A New Poll shows Berlin needs a serious wake-up call

China's Pyramid Needs the World. Trump Is Delivering It

Weekly Update - April 15, 2026

From Globalisation to Fragmentation: The Structural Case for Higher Real Yields

The Price of Chaos: The Administration That Turns Everything to Dust

China's Unlikely Windfall: From Deflation to Inflation - and a 'Rehabilitated' Image

The Velvet Glove Problem: Why Germany Cannot Reform Itself Without an External Shock. US Troop Withdrawal from Europe?

Damage Control Dressed as Diplomacy: How Trump Declared Victory Over a Crisis He Created

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