Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Asian Hedge Fund manager based in HK/SG with over 20 years of experience managing Asian Long/Short Equity funds. Macroeconomic top-down analysis generates thematic investments that are further researched from the bottom-up. Research is supplemented with advanced technical analysis. 
Previous experience includes M&A with Morgan Stanley and CPA with Deloitte in NYC. Wharton MBA.

US Policy: SACRIFICING THE DOLLAR ON THE ALTAR OF TREASURIES

CHARTING COURSE: Yuan's Internationalization, Japan's Bond & Currency Woes

CHINA: When Will Stocks Catch Up With Surging Debt Markets?

Japan: CAN TAKAICHI SURVIVE THE COMING TSUNAMI?

Japan: The New Takaichi Trade, SELL THE RIP!

Japan Picks a Fight with China!! What Happens Now?

Cross Asset Strategy

<ul>
<li>Japan's declining debt and currency markets belie the surging equity market.  The fiscal expansion pushed by the Takaichi government exacerbates the risks to the economy. </li>
<li>JGB yields are at 20-year highs, and inflation has been above the BOJ 2% target for more than 3 years. The JPY is testing long-term support at 160.</li>
<li>The BOJ faces an impossible task of containing the yen, JGB yields, and inflation, while the Takaichi government increases spending and budget deficits. Inevitably, the stock market will react.</li>
</ul>


Japan's declining debt and currency markets belie the surging equity market.  The fiscal expansion pushed by the Takaichi government exacerbates the risks to the economy. 
JGB yields are at 20-year highs, and inflation has been above the BOJ 2% target for more than 3 years. The JPY is testing long-term support at 160.
The BOJ faces an impossible task of containing the yen, JGB yields, and inflation, while the Takaichi government increases spending and budget deficits. Inevitably, the stock market will react.


일본: 1999년처럼 파티하고, 2000년처럼 숙취에 시달려라!