• Politics and Strategy

    Erik Jones: Italy’s Invisible Referendum Market Shock

    05 December 2016.  The Italian electorate delivered a stunning blow to PM Matteo Renzi and his government in the referendum held on 4 December. Yet the markets most likely to be surprised by this dramatic turn of events simply shrugged the matter off. The euro lost just over one cent against the dollar in early morning trading only to return to pre-referendum levels within hours. The Italian stock market recovered even faster. If there...

  • Politics and Strategy

    Regime change for Iran?

    21 December 2016.  Iran's behaviour on a number of fronts is unpalatable to the United States. But a policy of regime change is not the answer.

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