No Deal Brexit

No deal Brexit

A no deal Brexit looks increasingly likely as the UK’s Boris Johnson Conservative government locks swords with Brussels over a post-Brexit trade deal. Here is the stage which we believe could end in a spectacular climax, a no deal Brexit It played out January 31 with the UK exiting the European Union (EU), the story …

Tail Risk

Keeping an eye on tail risk

As Darren Winters points out, keeping an eye on tail risk in the age of frothy asset prices fueled by unprecedented central bank liquidity and the recent black swan event (or maybe better said black bat event) Coronavirus would be prudent.  “Anyone pricing assets must consider the ‘tail risk’ that virus outbreak could ‘get much …