About

This blog explores the everlasting debate on the global economic outlook, drawing on the latest thoughts of journalists, economists, and financial analysts. It’s never been more important to challenge the prevailing view and look at the bigger picture. As we have learnt, conventional modern portfolio theory and risk models have been found wanting, and ‘tail’ risks are very real. The unintended consequence of regulators trying to manage risk in the system has been to herd investors into over-priced assets and to starve equity markets of risk capital. Increasingly being driven by black box traders and index investment, markets are sending correlations of risk assets to all time highs. Hedging your risk has never been harder. Play chicken with the latest asset bubble, by all means. Just don’t say that “no-one saw it coming” when the next bubble bursts. There are enough leading indicators out there that haven’t yet been priced into the market… if you know where to look. A value investor at heart, the Angry Analyst is skeptical to its core.