Articles 

Costs of service provision often have little in common with perceptions of 'value'. Many cultural biases are at work but we focus on anchoring and the Goldilocks effect. These demonstrate how initially suggested numbers become the 'price to beat' in consumer minds and...

We believe that a new alignment of economic, political and geopolitical considerations could result in a substantial shift in governmental attitudes towards gold. A quorum of interests at the G7 and G20 level could, in a global downturn, make higher gold prices...

Focusing on the strategic, secular trends can provide investors with ways to mitigate risk associated with longer-term trade tensions. We have analysed the U.S. relationships with the EU and China, concluding that the tectonic shifts generated by Trump will result in...

With the EM debt cycle looking increasingly late-stage we analyse some simple examples of 'over invoicing' structures that have been blamed by activists for US$67.6bn per year of capital drain from Africa. We believe that the behaviours of multinationals and domestic...

Since the financial crisis the flood of cheap money has provided perverse incentives for risk taking and debt accumulation. We believe that this process will trigger an Emerging Markets debt crisis that works regionally first and then moves globally (just like the...