Macro Bytes

<p>Andy Burnham is set to become Britain’s Prime Minister on 20 July and promises a new style of governance - “Manchesterism”. Luke and Lizzy discuss what Manchesterism means in practice, whether devolution is a...

<p>Many economists and investors try to predict the business cycle in order to time their investments into financial markets. In this episode, Paul and Luke speak to Tyler Goodspeed, author of “Recession: The Real...

Many economists and investors try to predict the business cycle in order to time their investments into financial markets. In this episode, Paul and Luke speak to Tyler Goodspeed, author of “Recession: The Real Reasons...

<p>Most central banks started the year preparing to cut interest rates further. Then geopolitics intervened. In this episode Paul and Luke unpack how the Iran-driven energy shock has upended rate expectations, why...

<p>Near earth orbit is increasingly a site of economic activity, and a domain of great power competition. Paul and Luke are joined by Hannah Lee, Thematic Investment Researcher at JP Morgan, to discuss how the collapse...

<p>The UK local and devolved regional elections are shaping up to be rough for the incumbent Labour party. Speculation about political leadership change is likely to increase as a result. If there is a change of UK...

<p>The release of China’s Deepseek R1 model last year, which rivalled many US large language models but was trained at a fraction of the cost, seemed to kick-off a new realm of competition between the US and China. Luke...

<p>The Iran war is now in its 5th week, longer than many in the market seem to have been expecting, and it continues to be a source of significant asset price volatility. Paul and Luke are joined by Victoria Scholar...

<p>The war in Iran and the wider Middle East has dealt a significant blow to asset prices. Paul, Luke and Lizzy look at the US and Israel’s war aims and examine why Iran’s response has been larger than expected. They go...

<p>The war in Ukraine is now four years old, and the nature of modern warfighting - and Europe’s defence needs - has shifted dramatically as a result. Lizzy and Paul talk to John Ridge and Erin Hallock of the NATO...

<p>2026 has started with a flurry of political shocks. Luke and Lizzy talk to Jens Larsen, Practice Head of Geoeconomics at Eurasia Group, about the structurally elevated geopolitical volatility that investors now face...

<p>With President Trump threatening fresh tariffs on various economies, trade wars are back in focus. </p><p>Moreover, the risk of the trade war spreading to a capital war has become more pressing. The EU has been...

<p>The recent US intervention in Venezuela is a vivid demonstration of the new so-called ‘Donroe Doctrine’ asserting complete US supremacy in the western hemisphere. Paul, Luke, and Lizzy discuss the historical context...

<p>The coming year is going to see more economic and geopolitical volatility for investors to navigate. Paul asks members of the Aberdeen Investments research team to outline the big questions they are asking as we head...

<p>The much-anticipated UK budget has finally been announced. Paul and Luke are joined by Lizzy Galbraith to break down the economic and market implications of the tax rises, spending increases, and higher fiscal...