GLOBAL ECONOMY Taper whimper The much anticipated Fed speech at the Central Bankers’ annual convention in Jackson Hole (held remotely on Friday 27th August) provided little new insight into the Fed’s plans for monetary tightening. On the contrary, Powell confirmed that tapering of the QE would probably...
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GLOBAL ECONOMY The China Investment Conundrum As will be apparent to all readers, China has started to flex its political and economic muscles in a significant way over the past few years based on its perceived and real economic strength. As of December 2020, China’s GDP was calculated...
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GLOBAL ECONOMY Growth RATE slowdown ahead GDP growth numbers for the quarter just ended (Q2, 2021) are likely, once the data is released, to shoot the proverbial lights out across developed markets. Annualised growth for the US is expected to exceed 10%p.a. In the meantime, we can see real time...
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GLOBAL ECONOMY Talking about….talking about tightening monetary policy The super-accommodative monetary policy seen in the leading developed economies over the past 15 months may have seen its low point as talk and some actual moves towards tightening start to take shape. While no major Central Bank has so...
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GLOBAL ECONOMY Early Warning Signals? While real time economic data continues to follow the recent growth and inflation script from previous Global Market View reports, a number of recent events in financial markets might serve as early warning signs of trouble ahead – rather as singing canaries...
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GLOBAL ECONOMY Warning – Inflation Returns The past month has seen a rapid rise in longer dated Government bond yields in all G7 countries as inflation fears finally began to impact financial markets. Investors sold Government and Investment Grade fixed income instruments, pushing up yields and leading...
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A brief summary of markets in 2020 In the absence of my usual “the Good, the Bad and the Ugly” commentary last December on global markets over the past year, it may be useful to summarise some important features of investment markets in 2020 for future...
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For more detailed commentary on each major market or asset class. Download the full Monthly Market View here. A Record Month In spite of a sense of suspended animation in economic direction caused by a resurgent C-19 virus, November proved to be a month of records...
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For more detailed commentary on each major market or asset class. Download the full Monthly Market View here. Don’t sweat the small stuff - focus on China What was the most important economic event in October? Not just in today’s C-19 dominated world, but providing a...
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For more detailed commentary on each major market or asset class. Download the full Monthly Market View here. Time to take stock Nine months into 2020 and six/seven months into the pandemic (and lockdowns) it is perhaps worth reviewing the state of the world economy...
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