unemployment

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

Download PDF: 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 South AfricanContinue reading “South Africa: The Not So Good, The Bad, and The Ugly”

Russia: Do You Hear the People Sing?

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 term limit until 2036.Continue reading “Russia: Do You Hear the People Sing?”