Articles

The Bill Is Arriving: Investment Booms, Real Yields and an AI Price War Ahead of Schedule

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

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

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

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

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

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

Interactive presentation: AI breaks the ceteris paribus assumption

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

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)

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

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

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

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

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

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

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

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

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

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

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

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

Britain: An Economy Without Shock Absorbers

Europe: The Regulatory Superpower With No Artificial Intelligence to Regulate

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

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.

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

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

No Exit Strategy: Trump's Iran War and the Economic Fallout for Europe and America

Europe and Israel, Beware When the 'Peace President' Needs to Come Home to MAGA

There will be no updates over Easter on the following dates: 30 March to 3 April and 6 April.

Germany's Head Above Water, And Now the Wave Returns. Bearish Yield Curve Flattening. A Repeat of the 1970s Playbook?

The Art of the Delay: Trump, Iran and the Five-Day Gamble. How the Iran Strategy Is Sowing Long-Term Chaos

From Hormuz to the High Street: How the Iran War Is Hitting European Households and Bond Markets

America's Iran Gamble: An Irreversible Cost, a Looming Fiscal Crisis - and an ECB That Will Act Decisively

The End of the Beginning: Trump's Iran War, MAGA Divisions, and the Crumbling of a Market Tailwind

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