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Ruffer provides investment management services for institutions, pension funds, charities, financial planners and individual investors.
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London
Ruffer LLP
80 Victoria Street
London SW1E 5JL
Paris
Ruffer S.A.
103 boulevard Haussmann
75008 Paris, France
New York
Ruffer LLC
300 Park Avenue
New York NY 10022
Edinburgh
Ruffer LLP
31 Charlotte Square
Edinburgh EH2 4ET
Jamie_Dannhauser

Jamie Dannhauser

Economist
Joined Ruffer in 2014, after seven years at Lombard Street Research. He is the firm’s economist and is responsible for shaping, and at times challenging, its macro and thematic views. He graduated from the University of Cambridge with a first class honours degree in economics. He is currently a member of the IEA’s Shadow Monetary Policy Committee.
Articles by Jamie
Back to the future (but which one?)
Whilst the impact of AI is likely to be deflationary in the very long term, existing economic imbalances and political realities suggest we will first suffer an era of higher inflation and volatility.
Stuck in the middle with EU
October 2024: Declining car production reveals just how exposed German industry is to the new Cold War. The political and economic consequences for the EU will be profound.
Trump, tariffs and election trade-offs
September 2024: As markets try to weigh the outcome of the upcoming US election, Economist Jamie Dannhauser looks at the possible inflationary effects of the candidates’ policy platforms.
Out of sight, out of mind
April 2024: Markets today are very different to the pre-2008 era. But has systemic risk been removed or relocated?
A paper tiger after all?
December 2023: Fed Chairman Powell aims to control inflation like his predecessor Volcker did. While markets approve his progress so far, Economist Jamie Dannhauser notes that unlike Volcker, Powell may lack the political support to maintain tight policy. The Fed’s greatest test may lie ahead.
A few bad apples?
May 2023: Markets have calmed following US banking sector turmoil, but recent bank failures may signal deeper problems in financial markets. Economist Jamie Dannhauser warns of growing market fragility and an increasing likelihood of a major liquidation event.
The Hemingway recession
Markets periodically face moments when improbable events become harsh realities. Economist Jamie Dannhauser warns we are nearing such a point, examining financial system vulnerabilities and how central banks cannot solve inflation without significant investor impact.
Whatever it breaks
Central bankers once again face their old foe – inflation. Investors expect inflation to drop sharply in 2023 and the monetary cavalry to arrive by the second half of the year. But might those hopes be misguided?
Re-enter the dragon
January 2023: Jamie Dannhauser looks at the effects of China’s reopening on the global economy. If chaos does emerge in China’s labour market, it’s unlikely to be good news for asset markets. Optimists look forward to a powerful rebound in growth, but could it relight the inflationary flames?
The last domino to fall?
September 2022: So far in 2022, the Bank of Japan (BoJ) has resolutely stuck to its policy of negative interest rates and yield curve control (YCC), despite the dramatic hawkish shift from the US Federal Reserve (the Fed) and, more recently, the yen’s nosedive. Might the BoJ be about to change course?
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