Date
27 May 2018

Andrew Milligan

Head of Global Strategy, Aberdeen Standard Investments
  • Political shocks so far have not materially affected underlying economic activity. Photo: Reuters

    Political uncertainty not affecting economic activity

    - Oct 17, 2017 11:06am
    One question I am often asked by investors is – how can stock markets make new highs when there is so much political uncertainty in the world? On the whole, markets are coping rather well with...
  • QE has clearly affected cross-border capital flows – after all about 20 percent of global government bonds still have negative yields – but a range of other factors have supported equity markets. Graphics: YouTube

    Correlation does not equal causation

    - Sep 19, 2017 10:43am
    How dangerous is the end of quantitative easing (QE)? Some argue that central bank liquidity is strongly correlated with asset prices, so tapering (QT) will inevitably cause a sharp reverse. Such a simple analysis forgets that...
  • Yen is considered one of the major currencies that is still some way from its fair value. Photo: Bloomberg

    The pendulum swings

    - Aug 21, 2017 4:07pm
    A frequent client question concerns our preferences amongst the major currencies. Our existing ranking is the yen, then the euro, then the dollar and finally the pound. Why? Foreign exchange analysis involves a complicated mix of...
  • Investors should also monitor core inflation when assessing how much risk they should take. Photo: Bloomberg

    How macro details determine company profitability

    - Jul 26, 2017 8:00am
    Why have investors added risk to their portfolios in recent months? This makes sense when looking at the broad economic backdrop. It is good news that business surveys suggest the global economy is expanding about 3.25...

EJI Weekly Newsletter

Please click here to unsubscribe