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Marcus Ashworth

Marcus Ashworth

Bloomberg

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No, Ray Dalio, There's Not a UK Debt Death Spiral

No, Ray Dalio, There's Not a UK Debt Death Spiral

Bridgewater Associates founder Ray Dalio has a new book to promote. So while I am loath to fuel the sales campaign, his latest bomb in an interview...

thursday 7

Bloomberg

Marcus Ashworth

The UK’s Not Out Of the Woods. It’s Heading in Deeper.

The UK’s Not Out Of the Woods. It’s Heading in Deeper.

Chancellor of the Exchequer Rachel Reeves might be breathing a sigh of relief that 10-year gilt yields have fallen 25 basis points since last Tuesday...

22.01.2025 20

Bloomberg

Marcus Ashworth

UK Bonds Are Victims of the World’s Inflation Worries

With 30-year UK government bond yields having soared to the highest since 1998, we are again plunged back into crisis mode in the grandmother of bond...

09.01.2025 9

Bloomberg

Marcus Ashworth

A Weaker Euro Won't Solve the EU's Problems This Time

A Weaker Euro Won't Solve the EU's Problems This Time

Parity between the euro and the dollar is starting to look inevitable, and that would normally be a competitive boon for a manufacturing export-led...

08.01.2025 30

Bloomberg

Marcus Ashworth

Politics, Economics and Markets Create a 2025 Three-Body Problem

In physics, the three-body problem describes the impossibility of calculating the trajectories of three independent masses because of the...

03.01.2025 90

Bloomberg

Marcus Ashworth

The Most Important Bond Seller You’ve Never Heard Of

The last time the UK changed its chief bond salesperson, Tony Blair was surfing the wave of his pre-Iraq War popularity, his government was...

24.12.2024 3

Bloomberg

Marcus Ashworth

Don't Let Hedge Funds Into the UK Gilt Temple

In the wake of the global financial crisis, British banks competing with a hand tied behind their back have lost plenty of ground to hedge funds....

17.12.2024 5

Bloomberg

Marcus Ashworth

What Euro Crisis? Investor Demand Drives Debt Sales to Records

The record amount of €1.71 trillion ($1.81 trillion) European syndicated new debt sold in 2024 opens up the strong likelihood that the new year...

09.12.2024 5

Bloomberg

Marcus Ashworth

How the ECB Can Safely Store Its Crisis Toolkit

Next week’s European Central Bank meeting is more important than it might first appear. President Christine Lagarde needs to set the template for...

04.12.2024 3

Bloomberg

Marcus Ashworth

BOE Hits the Pause Button Until February

UK inflation jumped by more than expected to 2.3% in October — back above the Bank of England's 2% target — from 1.7% the month prior, but that...

20.11.2024 3

Bloomberg

Marcus Ashworth

Gold Is at the Mercy of Trump, China and King Dollar

Typically, the best cure for high prices is simply higher prices, a lesson gold is learning the hard way. Since the prospect of a second Donald...

19.11.2024 1

Bloomberg

Marcus Ashworth

Reeves Spins Her Wheels With Blockchain Gilts

Chancellor of the Exchequer Rachel Reeves has her first serious opportunity on Thursday to show the City of London that the new Labour government...

13.11.2024 3

Bloomberg

Marcus Ashworth

Reeves Trial by Fire Is No Liz Truss Redux

Chancellor of the Exchequer Rachel Reeves has had a baptism of fire following her first budget on Wednesday. Her stiffest judge has been the UK...

02.11.2024 2

Bloomberg

Marcus Ashworth

Gilt Market Gives Reeves the Benefit of the Doubt

Chancellor of the Exchequer Rachel Reeves had one crucial objective in delivering the new Labour government's first budget: To set out a viable...

30.10.2024 2

Bloomberg

Marcus Ashworth

Sterling Bulls Are Pretty Far Out on a Limb

Every now and then an outlandish forecast grabs your attention enough to elicit this response: Really? One such example this week is from Steven...

03.10.2024 1

Bloomberg

Marcus Ashworth

Labour Plans Will Punish People for Working

The hand-wringing over the threatened flight of the wealthy from the UK over looming tax increases obscures a simple fact: The people already...

02.10.2024 20

Bloomberg

Marcus Ashworth

Labour Has No Choice But to Move the Fiscal Goalposts

After a rocky first few weeks in power, Prime Minister Keir Starmer needs a gamechanger. Shock and awe on the fiscal front are about to rain down...

01.10.2024 20

Bloomberg

Marcus Ashworth

Fighting the Fed Would Be a Losing Battle for the BOE and ECB

It’s rare you get a clean take from central bankers, but Federal Reserve Bank of Chicago President Austan Goolsbee didn’t mince his words on...

25.09.2024 20

Bloomberg

Marcus Ashworth

For ECB Rate Cutters, the Music Is as Important as the Words

There aren't many sure things in life, but a second interest-rate cut from the European Central Bank Thursday is one of them. A 25 basis point...

09.09.2024 10

Bloomberg

Marcus Ashworth

The Vanishing Bull Case for Investing in France

French President Emmanuel Macron’s breaking the post-election deadlock with the coming appointment of a new prime minister will only solve the...

04.09.2024 3

Bloomberg

Marcus Ashworth

King Dollar's Softening Is Good News for Nearly Everyone

Has the tide turned decisively against King Dollar? A fall of around 5% in the greenback versus major currencies in the past two months, pushing...

29.08.2024 8

Bloomberg

Marcus Ashworth

Interest-Rate Cuts Rely on Inconvenient Truths About Inflation

The tricky last yards of closing in on — and then maintaining — the hallowed 2% inflation target that all the major central banks adhere to...

13.08.2024 9

Bloomberg

Marcus Ashworth

Wealth Taxes Are the Obvious Revenue Target for Reeves

It’s a question of when, not if, the UK’s Labour government unfurls the tax increases needed to plug the yawning budget deficit. Chancellor of...

12.08.2024 3

Bloomberg

Marcus Ashworth

Bank Of England Summons Up the Courage to Cut

Confidence has broken out within the halls of the Bank of England: It’s decided to back its own forecasts — for once. A 25 basis point cut to 5%...

01.08.2024 2

Bloomberg

Marcus Ashworth

Germany Versus Spain Poses a Problem for the ECB

What’s to be done about Germany's inability to pull itself out of its economic mire? Europe's largest economy has been flatlining at best for much...

30.07.2024 3

Bloomberg

Marcus Ashworth

The Bank of England Shouldn’t Set Its Own Speed Limit

Sushil Wadhwani, a former Bank of England Monetary Policy Committee member turned hedge fund manager, has written an intriguing article on the...

26.07.2024 3

Bloomberg

Marcus Ashworth

Sterling Exits the Shadows as Rally Gathers Momentum

Sterling has been out of favor with foreign investors for far too long. A confluence of events since the global financial crisis — first Brexit,...

17.07.2024 3

Bloomberg

Marcus Ashworth