Macro Matters is a global investment blog brought to you by LGIM’s Asset Allocation team. We’re focused on sharing our most compelling thinking to help you become more informed investors.
A new look at old data suggests that buy-to-let has been the 'only game in town'" in the UK property market for the last 15 years. Tighter regulatory and fiscal policy threatens to disrupt that growth, with potentially significant consequences for the whole residential property market.
Given how often ‘consensus earnings expectations’ are quoted in the financial press and feature in investor discussions there is surprisingly little awareness of what consensus really is. What does it really measure? Who contributes to it? What are its biases?
Productivity determines our living standards and real wages. While the universal translator isn't invented until the 22nd Century (according to Star Trek), we are living in a more technologically advanced, "freemium" world which suggests that inflation is probably overestimated by ½%.