Monday Macro – Regime changes and 5%, plus the Chinese car giants are coming

Thinking through the investing scenarios if interest rates stay high for longer – what’s your view? Please do vote in my poll on likely scenarios!

The economics commentator Noah Smith has an excellent note out looking at the possibility that we may be entering a new macro-economic regime built around Higher Rates Longer thesis – you can read it HERE, subscription required.

He draws on a number of points discussed in this newsletter already :

-          That the markets are increasingly penciling in…