Mark Dowding, BlueBay Chief Investment Officer, discussed the latest macro views, including: Key Points The US economy continuing to perform relatively well, but affordability still the main issue amongst voters. A few cockroaches or a larger problem? - more negative news flow for private markets. Is Europe in danger of becoming a museum? The UK government facing a make-or-break budget. Japan’s Prime Minister Takaichi unsettling markets with a reflationist agenda.