unemployment

South Africa: The Not So Good, The Bad, and The Ugly

Download PDF: south-africa-pc-202109Download Last November we discussed the cyclically bullish but bleaker longer-term outlook for South African assets, in which the former has played out nicely until the end of second quarter this year. Our long position on South African bond was closed on August 10 with 10.2% gain while our overweight recommendation on SouthContinueContinue reading “South Africa: The Not So Good, The Bad, and The Ugly”

Russia: Do You Hear the People Sing?

Download PDF: russia-do-you-hear-the-people-singDownload In the past few weeks, Russians have been venting their rage in both the street and online due to the increasing hardship resulting from various lockdown measures. But even before the virus struck, many have been protesting against the government, including against the planned constitutional reform that would extend President Putin termContinueContinue reading “Russia: Do You Hear the People Sing?”