Chief Economist, Aletheia Capital

Dr. Jim Walker

Jim Walker is the chief economist at Aletheia Analyst Network Limited, an independent research platform for the Asia Pacific region. Prior to joining Aletheia he was the founder and chief economist at Asianomics Group an economics and strategy research consultancy company formed in late 2007. 

Before establishing Asianomics he was the chief economist at CLSA Asia-Pacific Markets. He joined CLSA in late 1991. Over the years Dr Jim achieved numerous ‘best economist’ rankings in the Asiamoney, Institutional Investor and Greenwich surveys of fund managers. In 1995 he wrote about the prospect of Asia being forced off its de facto dollar peg “within the next two-three years”. The Asian Crisis, precipitated by the Thai baht devaluation, began in July 1997.

In recent years he is best known for forecasting the US 2007 downturn and financial sector meltdown in his series of ‘Apocalypse’ reports. He remains deeply sceptical of the prevailing wisdom in central banks’ approach to monetary policy.

Over the years he has also developed an approach to analysing Asian economies based on profit and credit cycles where the importance of investment spending as the driver of economic activity is explained.

Early in his career he worked in his native Scotland as a research fellow at the Fraser of Allander Institute for Research on the Scottish Economy, and then at The Royal Bank of Scotland’s Edinburgh headquarters. He holds a Bachelor of Arts Honours degree and a doctorate in economics from the University of Strathclyde, Glasgow.

Chief Economist

Money Matters: Is China's Profit Recovery Sustainable?

Asian Credit Monitor: China's Onshore Bonds (Part I: The Normandy)

Money Matters: China's Property Market and the Key to Global Deflation.

China Politics: The Biggest Crisis Since Tiananmen

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

The more we look at the data the more we are drawn to the conclusion that China had its hard landing in 2014/15 and is now in the early stages of a new cyclical, multi-year upturn. The 'Overweight China' call we made on 1 December 2016 in Asianomics Group Strategy Report, No. 12/2016,<a href="https://www.asianomicsgroup.com/document-view.html?ref=091a8864-9e15-406d-9da6-4dfda16d5c7f" target="_blank">World War Three</a>, was not a contrarian call made to be different from the overwhelmingly negative view of market participants towards China.We made the call because key elements of our Austrian stress indicators, along with many of our preferred macroeconomic activity variables, had shown signs of improvement in 2016. Moreover, it seemed wrong to ignore the fact that 2017 is a politically significant year in China and, therefore, there was a high likelihood of all the stops being pulled out to encourage growth and promote stability.

The more we look at the data the more we are drawn to the conclusion that China had its hard landing in 2014/15 and is now in the early stages of a new cyclical, multi-year upturn. The 'Overweight China' call we made on 1 December 2016 in Asianomics Group Strategy Report, No. 12/2016,World War Three, was not a contrarian call made to be different from the overwhelmingly negative view of market participants towards China.We made the call because key elements of our Austrian stress indicators, along with many of our preferred macroeconomic activity variables, had shown signs of improvement in 2016. Moreover, it seemed wrong to ignore the fact that 2017 is a politically significant year in China and, therefore, there was a high likelihood of all the stops being pulled out to encourage growth and promote stability. 

China Bulls - A Decade Long Wait