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Edward Markus

Founder & Chief Economist

Edward Markus, our Chief Economist, embarked on his journey in the field of economics at the Free University of Amsterdam, where he earned his degree. Following his academic pursuits, Edward dedicated several years to refining his expertise within leading financial institutions across Europe and the United States, excelling in roles as both an investor and analyst. He is renowned for his authoritative macroeconomic analyses of global financial markets, with a special focus on the intricate dynamics of interest rates and currency movements.

Edward's profound insights have not only earned him widespread recognition but also frequent invitations to share his expertise through various media platforms in the Netherlands and internationally. He is a consistent voice in Het Financieele Dagblad, a premier Dutch finance newspaper, and makes regular appearances on Radio 1 and BNR, in addition to contributing to numerous finance-focused blogs. His bilingual fluency in Dutch and English enhances his ability to communicate complex economic concepts clearly and effectively.

Recent Publications

Is AI a bubble?

Thursday, 04 June 2026

Expectations regarding the positive impact of AI on the economy and profits are running high. Rightly so, but the share prices of AI-related companies have risen so sharply that the risk of disappointment regarding the profitability of AI investments has increased significantly. For the time being, we believe that developments in this area and what happens in the Strait of Hormuz will be decisive factors for the financial markets.

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AI and Hormuz remain key factors for gold

Monday, 01 June 2026

The structural bull case for gold has not yet disappeared, but the risk of a further downward correction remains. As long as the blockade of the Strait of Hormuz continues to put upward pressure on inflation and real interest rates, gold will remain vulnerable. This report analyses why artificial intelligence (AI) could actually provide support in the long term, but why geopolitics will be the decisive factor for the gold price in the short term.

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The imminent opening of the Strait of Hormuz is by no means a foregone conclusion

Thursday, 28 May 2026

In principle, the dollar is a weak currency, partly due to the large twin deficits. However, there are a number of factors that could put further upward pressure on the US currency in the coming months. One of these is our expectation that the Strait of Hormuz will remain closed for longer than the markets currently seem to be pricing in.

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