Tian HeadshotErik Townsend welcomes Tian Yang to MacroVoices. Erik and Tian discuss:

  • US growth cycle long in the tooth
  • US LEI’s holding up but US recession key theme
  • US credit cycle has definitely rolled over
  • Global liquidity also deteriorating sharply
  • China is also rolling over
  • Looking at global equities
  • Fixed income considerations
  • Consideration on the US dollar
  • Looking at Europe, Japan and Australia

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Tian will refer to it throughout the interview. Registered users here at MacroVoices.com already received the download link in your research roundup e-mail. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register.  Once logged in, click “Research Library” and Guest Publications near the top of the page. From there you can download the PDF.

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Tian Yang is Head of Research at Variant Perception, a macroeconomic research group catering to hedge funds, banks and family offices. Tian's work focuses on using proprietary leading indicators to generate actionable investment ideas.  Prior to joining Variant Perception in 2014, Tian worked as an equity derivatives trader for Bank of America Merrill Lynch, where he was jointly responsible for building out the delta one global index business. Tian attended Cambridge University, where he graduated in the top 2% of his cohort with a BA in Economics.