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David Bowers in The Times, a “Hard landing for the global economy may be good news for markets”
Simon Nixon was in discussion with David regarding implications of the US Senior Loan Officer Survey, showing demand for credit has collapsed and that lending standards have tightened. David notes, that has “typically foreshadowed a rise in credit risks within a year…”

2nd MAR. 2023
FT Unhedged – Ethan Wu & Robert Armstrong highlight ASR’s long-term ERP
Noting ASR’s “detailed work on the ERP”, calculating nine different ERP methodologies and taking the median output… Wu and Armstrong would agree with ASR that “a decade-low ERP seems a mighty modest premium for a very precarious investing environment”

24th JAN. 2023
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