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EMA2024

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

The canary in the coal mine

Thursday, 18 December 2025

The markets expect further rate cuts by the Fed, partly due to increasing political pressure. We do not expect this to happen because the US economy may perform better than expected next year, with much depending on the interaction between the labour market and economic growth and the US Supreme Court's ruling on import tariffs. The ten-year US interest rate is the canary in the coal mine and determines how far the Fed can go with interest rate cuts.

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Gold more vulnerable to a setback phase

Monday, 15 December 2025

Will rising long-term rates derail the gold rally?

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What could possibly go wrong?

Thursday, 04 December 2025

The outlook for shares and economic growth is fairly positive for 2026. But what if things go wrong? We see three potential spoilers.
 

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