The Weekly Pain Report provides a punchy, always provocative, and independent perspective on the key economic and political events moving global financial markets.
Jonathan Pain began his investment career in the early eighties and has run investment teams in London, Bahrain and Sydney.
He appears regularly on CNBC and Sky Business TV and is an ‘Associate’ of China Matters, an Australian based think tank.
Jonathan was one of a just a few investment strategists that predicted the crash in 2008. Before that he also predicted the bursting of the ‘Technology Bubble.’ More recently, in one of his most controversial and contrarian calls, he predicted that Donald Trump would win the US election.
Having lived in six countries, he now calls Australia home and his weekly commentary is read by government officials, central bankers, leading investment institutions, and his friends all around the globe!
Although I am not actively involved in macro markets these days, I still have them in my blood, and I enjoy my Saturday mornings, waking up bleerey eyed and getting brought to life with the passionate writings from Jonathan, who I had the privilege of meeting in the 80’s when he was based in the Gulf. I find myself occasionally strongly disagreeing with his gist, but much of the time, that in itself is great, as it causes me to reflect on my own interpretation of events. And for sure, Jonathan is one of the few that gets the relevant scale of the importance of certain issues, including all things China
By Emma Young
February 15, 2019 – 9.38pm
One of the world’s foremost economic and political experts has predicted an Australian interest rate cut to 0.5 per cent and painted a picture of a future economy that revolves around electric cars, the South East Asian and Chinese economies – and of course, lithium.
He predicted the Reserve Bank would cut rates, “so aggressively it will make our eyes water”; from their current 1.5 per cent to just 0.5 per cent.
Mon, Feb 24 2020
The economic reality from the impact of the coronavirus has changed dramatically over the last three weeks, and markets aren’t pricing it in, says “The Pain Report” author, Jonathan Pain.
Fri, Jan 17 2020
Gold prices have the potential to reach $1,800 per ounce, says Jonathan Pain, author of The Pain Report.
Thu, 2 Jan 2020
Following news reports that Iranian General Qassim Soleimani was killed in an airstrike in Baghdad, Jonathan Pain of The Pain Report says it’s “no wonder” that crude oil prices are ratcheting higher and the significance of the commander should not be underestimated.
Mon, 16 Dec 2019
Jonathan Pain of The Pain Report says he is bullish on British equities and sterling following last week’s U.K. general election result.
Wed, 25 Sep 2019
The attacks on Saudi Arabia’s oil processing facilities demonstrated the “extraordinary vulnerability of the very jugular” of the oil supply system, says Jonathan Pain of The Pain Report. He also says U.S. sanctions are “crippling” and “strangling” the Iranian economy.
Thu, 5 Sep 2019
Markets are getting very confused by the rhetoric coming out of Beijing and Washington, says Jonathan Pain of The Pain Report.
Mon, 12 Aug 2019
Jonathan Pain of The Pain Report says, looking at the geopolitical conflicts around the world, he doesn’t foresee any of the main players being willing to back down. He says there’s an “extraordinary spread of uncertainty” coming from the geopolitical sphere.
Mon, 1 Jul 2019
Jonathan Pain of The Pain Report says the Trump-Xi meeting at the G-20 summit was not as bad as it could have been, but did not have any substantive outcomes.
Wed, 12 Jun 2019
Jonathan Pain of The Pain Report says the Fed is going to signal that its next move is a rate cut, but that it is not yet ready to do so.
Fri, 3 May 2019
Jonathan Pain of The Pain Report says he expects the Reserve Bank of Australia to cut interest rates from 1.5 percent to 0.5 percent over the next couple of years.
Mon, 25 Mar 2019
Jonathan Pain of The Pain Report discusses what the inversion in the yield curve means. He says he respects the bond market’s message, which is “unequivocally” and “unambiguously,” that the global economy is slowing.
Mon, 25 Feb 2019
Jonathan Pain of The Pain Report says the U.S. economy will slow down, but he does not expect it to enter a recession for the time being.