Why we started writing
This is the first post, so it is mostly throat-clearing. We wanted a place to write down what we think is happening in the world economy, without the pressure of a client, a mandate, or a benchmark to beat.
Writing is a forcing function. It is very easy to hold a vague, comfortable view in your head and never notice that it contradicts the view you held last month. Putting it on a page — dated, public, and un-editable after the fact — makes that much harder to get away with.
What we'll write about
Rates, currencies, commodities, credit, and the connections between them. When something surprises us, we will try to say why, and what we think it means next.
That's it for now. More soon.
Nothing here is investment advice.