In a largely unexpected result, the US electorate has voted for Donald Trump to become the next President of the United States. While this heralds a significant period of uncertainty, there are the signposts we can keep an eye on to help navigate these uncertain times.
Can higher public spending ease growth woes in all countries and double-charge monetary easing? As it always turns out when you talk about economics: it depends.
Seven years into this bull market, how is it that equities continue to rally? I share investors' scepticism, but not because of the duration of the bull market or the size of the rally. I struggle to find reasons to be bullish on the two fundamental drivers of equities: earnings and valuations.
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%.