Hawkishness Will Come to Nothing

Llewellyn Consulting provides a consistant, succinctly and ¬†tightly written research on a range of macroeconomic themes. They’ve just launched a new research series in response to the number of requests for periodic detailed analysis by theme. The series called ”Blue Book” will be on a specific theme that affects economies and markets; each will draw together everything important that they know and have written upon about the subject, generally over a run of years. Their first edition is on the interest rates theme where their essential argument is that¬†the world will remain in an historically low interest rate configuration for the foreseeable future. Their reasoning is that world slow-growth environment seems likely to endure, while contributory factors include legacy effects from 2008 and broader structural considerations which are all explored here. It’s a excellent piece bring together a wide body of work, which is well worth exploring.