Videos

Data centers are emerging as massive users of electricity that power-producers in many economies are struggling to serve. Data centers are also large-scale users of water, which is a scarce resource in many regions. In this video, Kai Xian discusses whether such constraints will impede the rollout of AI applications and thus hinder the hoped-for productivity improvement they promise to deliver.

A sharp strengthening of the yen late Wednesday suggested the Bank of Japan was again intervening in the foreign exchange market after it spent an estimated US$35bn to counter yen weakness on Monday. In this video interview, Udith Sikand examines the currency market dynamics to gauge the likely effectiveness of the Japanese authorities’ campaign to limit further yen weakness.

France’s government debt readings keep going from bad to worse, yet sovereign bond investors do not seem to be punishing policymakers for their spendthrift ways. In this video, Cedric explores different political scenarios that could upset the French apple cart.

As confrontations have flared between Chinese and Philippine vessels in the South China Sea, US president Joe Biden has declared an “ironclad” commitment to the Philippines’ defense in a trilateral security pact along with Japan. Gavekal geopolitical risk analyst Yanmei Xie delves into the background of the tensions, and assesses the potential for future clashes drawing in US forces in the region.

Even as US employment growth has remained strong in recent months, wage growth has continued to ease. Kai Xian attributes this paradox in part to rapid immigration into the US, which is supporting the supply of new workers. This implies that immigration policy will have a significant influence on the US labor market, wage growth and inflation over the coming years.

Tom recently conducted a research trip to Vietnam and found that the key issue vexing foreign investors in the country is fallout from an escalating “anti-corruption” campaign, which has paralyzed economic policymaking. In this interview, he discusses whether the resulting power struggle within the ruling Communist Party could upend what has been one of the world’s best development stories over recent years.

As China’s government has doubled down on industrial development as its driver of growth, economies elsewhere have grown increasingly concerned about their ability to compete as Chinese producers move rapidly up the value chain. In this short video interview, Yanmei Xie assesses the risks posed by rising protectionism, and identifies potential winners and losers.

Over the last two decades, the share of nuclear power in the US energy mix has flatlined. Yet with the US signed up to carbon emission reduction targets and power-hungry tech firms looking for clean energy sources to power their vast server farms, there is a renewed impetus to develop modern nuclear options.

The US House of Representatives’ approval of a bill aimed at forcing China’s Bytedance to divest TikTok has implications in areas far beyond the future of the wildly popular video-sharing platform. In this short video interview, Louis Gave examines the potential consequences for media freedom, for US-owned big-tech platforms, and for foreign investment in the United States.

The first week of March saw China’s government present its economic policy targets and fiscal plans for the year ahead. In this video interview, Christopher peers through the official fog to assess the degree of policy support on offer for China’s economy and discusses how this affects the growth outlook.

After months of mixed signals, China’s government is now moving more actively to shore up the economy. But the property crisis remains stubbornly unresolved, and faces problems in domestic consumption and external demand look strong enough to drive a broad rebound. Can China finally achieve some economic stability after years of repeated shocks?

The conflagration in Gaza has spurred a geopolitical crisis that has so far had a limited impact on global markets. The calculation of investors has been that the key players involved in the Middle East want to prevent escalation towards a regional war. In this webinar, our team unpick the latest developments and explain what they mean for the oil market and other asset values.

A vicious bear market in the financial world’s primary “risk-free” asset is affecting other markets, from equities through currencies to commodities, and threatens to undermine the very foundations on which the global financial architecture is constructed. In this webinar, Louis Gave, Anatole Kaletsky and Will Denyer examine both the near-term outlook for asset prices and the longer-term implications for financial markets.

After a nasty deflationary shock, China's macro data have started to turn around at the margin. Yet markets remain unconvinced, with equities headed down and the currency still under pressure. Our China macro and markets experts will tackle these and other urgent questions about the outlook.

At out latest seminar in Paris, the speakers discussed the macro outlook in core OECD economies, the chance of a strong Chinese recovery and the pathway of emerging economies that seem to be disengaging from the traditional US dollar-centered monetary system. They also examined what these macro trends mean for investment strategy and asset allocation.

Our research panels tackle the macro outlook in core OECD economies, the chance of a strong Chinese recovery and the pathway of emerging economies that seem to be disengaging from the traditional US dollar-centered monetary system. We end by asking what these macro trends mean for investment strategy and asset allocation.

The global investment environment remains blighted by sustained inflationary pressure, tapped-out Western governments and a weakening Chinese economy. But tech stocks are again surging, this time on AI-fueled expectations. Anatole, Arthur and Louis pick through these dynamics to explain how these apparently conflicting trends may play out.

China’s growth momentum has visibly faltered in recent weeks and the government is now changing course, rolling out more stimulus in hopes of rescuing the recovery. But does the government have the tools to reverse the downturn in property and the disappointments in consumer demand?

Didier Darcet leads a team of researchers in Paris who focus on asset allocation questions through the Gavekal-IS service. Starting with the “permanent portfolio” developed by US activist and investment advisor Harry Browne, in this webinar he explains the team’s methodology.

After three years of Covid-induced inertia, Beijing is fashioning a strategy to counter Washington’s containment policy. This matters for investors because it is influencing corporate supply chain decisions and changing the risk calculus in different regions. Tom Miller has specialized in understanding China’s relationships with non-OECD nations and in this webinar explains how China’s strategy is likely to play out.