Top 10 Themes for 2024

Deutsche Bank's Magnum Opus

Housekeeping: The good stuff is coming out again. Here is DBs 2023-2024 report … start pacing yourself.

What we are doing: Reading what interests us most topically. Those are in BOLD. Then circling back if/when the other good stuff is done.

Gold Alerts: None mentioned

Contents

1. Open-ended economies: Rewind to the 1980s

2. The consumer paradox

3. The danger of high real yields is underappreciated

4. A year of cross-asset mean reversion

5. One AI era draws to a close

6. Green shoots in the IPO market

7. The winners and losers from higher Japanese inflation

8. An odd looking year for the labour market: Wage demands amid layoffs

9. Tech cold war: The US-China race for semiconductor dominance

10.The next asset bubble