Klement on Investing

Sometimes, you come across a brief note that basically says all there is to say about a topic. I have nothing to add besides salute the authors for doing the best job anywhere. And ironically, these kinds of crystal-clear insights come from unexpected sources. Not the big investment banks or consulting firms, but some think tank or research house ostensibly focused on somethi...

In 2026, the EU is rolling out its Carbon Border Adjustment Mechanism (CBAM). As I previously wrote, this is to incentivize trade partners to reduce their emissions. And I am pretty sure it will reorder trade flows in the EU. Why am I so sure? Because already t...

Regular readers will know that I am a passionate free trader. I think free trade is one of the best things that can happen to a society and an economy, which is why the current trend towards protectionism worries me so much.

The arguments in favour of free trade have been made extensively here and in many other places. And yes, I know that free trade is not a panacea an...

To fight inflation, the ECB and other central banks hiked interest rates. Clearly, this should reduce economic growth as financing costs increase for businesses and households. But they also increase for the biggest borrower of all, the government. And that, in turn, may influence the economy again.

Think about it this way. If a country has a higher debt-to-GDP ratio, a...

Anthropic is about to IPO and I collect a lot of different data points in my latest Reuters column to asses if they can ever become profitable. The answer won’t surprise you, but it was fun putting the mosaic theory into action.

LONDON, Oct 7 (Reuters) - AI has a math problem.