All episodes
Powell winning the tussle with Trump, so far
Powell shirt-fronts Trump's cheap tactics
Europe & South America cement trade deal
US chooses trade isolation
The weak USD is driving important realignments
Precious metals lead commodity gains
Risk premiums rise sharply
China to reprise stimulus, but with shifted focus
Gold turns from a risk haven to a speculative play
Eyes on holiday sales impetus
Lower US CPI gets sceptical reviews
The end (of 2025) is near, investors nervous
American weaknesses show up in latest data
Wall Street optimism fades
Breakfast briefing: Hate spreads
US glummer post-Fed, rest of world upbeat
Markets take Fed cut in its stride
Better news but bad decisions
Long bond yields keep on rising
What will the US Fed do this week?
Freight rates on the move up
Breakfast briefing: American SMEs hit hard
The OECD sees large economies slowing
December starts on a negative note
The run into Christmas underway
The final 2025 retail push underway
Local rates and currencies get a reset
American consumer confidence fades and retail sales growth cools
Markets ignore holiday shopping questions
Q3 turning out globally positive
Some good data draws investor scepticism
As risk fear rises, bond markets draw attention
Investor risk aversion rises
Sharp twists & turns in global trade
Affordability pressure has everyone's attention now
Latest updates feature global weaknesses
Moving on, ignoring vital risks
Despite the US funk, the rest of the world gets on with it
US starts to step back from the brink
China data projects economic stability
US belt-tightening takes hold, jitters haunt financial markets
Better on the surface, but wobbly underneath
Risk-off as investors realise they may have overdone it
The US factory sector shrinks at a faster pace
Some countries have an resurgent inflation problem
US-China trade truce cements China's growing strength
Both the Fed, and Trump underwhelm
Concerns about US labour market grow
Betting on short-term positivity
US sanctions Russian oil
Wall Street shifts lower on Washington mess
Wait-and-see as policy messes unresolved
Cautious consumers in China, Albanese wins in Washington
Tough choices ahead
Financial markets gird for bubble risk fallout
US gets faster inflation, but ignored by officials
Powell, Dimon and the IMF sound caution
Wall Street bounces back; gold hits new ATH
Trump's latest double standards rattle financial markets
China regains poise, US stumbles through shutdown
The froth gets frothier
Data downslide, led by the US
Tech & commodities rise without data guardrails
Japan to get its 'Iron Lady"
US descends into chaotic whirlpool
Markets ignoring obvious risks
Markets yet to acknowledge toxic risks
Washington hot mess stunts US
US economic stresses rising
Markets recoil with scepticism
America turns economically brittle on Trump corrosion
US business activity slows
Eye of the storm
Who is foretelling our economic future? the equity or bond market?
The NZD is hammered
A Fed rate cut, but also rising imposed uncertainty
Signaled rate cuts locked in
Markets expect rate cut salve
Inflation up, jobs down. The US Fed has to choose a policy direction
US economic prospects turn darker
Eyes on US CPI for Fed-friendly result
US settles in to accept economic stagnation & isolation
More US data weakness rattles bond markets
Stagflation lurks in the US, deflation lurks in China
Markets gird for weakish US labour market report
US hit with pessimistic data
US returns from holidays in a grumpy mood
Rest of world rises while the US on holiday
US courts doubt Trump had tariff-tax authority
Risk aversion fades, risk taking swells
Good public policy staggers in the face of Trump corruption
US shows symptoms of decline
Chinese investors in bullish mood, US jaded
Guessing that renewed inflation is again 'transitory'
All eyes on Powell's Jackson Hole speech
US inflation risks outweigh labour market concerns
Commodity prices turn soft
Powell coy on US rate shifts
Consumers in both China and the US display fragility
Tariff costs bite US producer prices