LAND SECURITIES Perhaps it is fitting that the US election limps rather than sprints towards a resolution. When half of the population no longer trusts the media (not unreasonably), separating truth from fiction is a more arduous task than it used to be. Close elections are fertile ground for accusations...

I like to think (and the sooner the better!) of a cybernetic meadow where mammals and computers live together in mutually programming harmony like pure water touching clear sky. I like to think (right now, please!) of a cybernetic forest filled with pines and electronics where deer stroll peacefully past...

The (relative) calm of markets in the week before Easter allowed us to discuss our analysis of the longer term ramifications of the virus, of governments responses and finally to what the economy will look like when it emerges from lock-down.  Last week saw little development from the previous one,...

AN UPDATE ON OUR SOVEREIGN DEBT TRADES Markets have clearly been highly volatile. It has been a long time since the circuit breakers (which halt trading when prices have fallen by a certain %) were used. Equity markets fell sharply yesterday and corporate debt markets were practically untradeable at any...