Growth

Growth

Portfolio Thinking

Smash hits and crash dips

2017 marks a number of financial anniversaries; the 1987 stockmarket crash, the 1997 Asian financial crisis, and the beginning of the global financial crisis. As we haven’t really experienced an extreme boom or crisis recently, looking back will be a refresher as to what could occur, but also provide a wider perspective on investment returns. Nothing is as evocative of the past as its music, so we accompany our look back with a soundtrack of those hits we think have withstood the test of time, and those hits that we would rather forget.

Read more

Strategy

All roads lead to Rome

With the country saddled with high debt and unstable politics, Italian debt markets have persistently underperformed European averages for the last couple of years. This pessimistic narrative is definitely seductive but we believe it is dangerous to get sucked into an excessively negative outlook. The debt problems are chronic rather than acute, the politics are not obviously more unstable than usual, the ECB is being flexible with asset purchases, and the return potential could be greater than it first appears.

Read more

Economics

Hurricane Harvey

As the floodwaters recede from Hurricane Harvey and another storm is brewing, we attempt to assess the impact of natural disasters on the US economy.

Read more

Economics

Leviathan to the rescue—gauging China’s fiscal space

Just as Hobbes’ Leviathan saves the people from the horrors of constant struggle and chaos, we ask whether the Chinese state can save the people from a hard landing.

Read more

Economics

We don't need no education

In 1979, Pink Floyd cried "Hey! Teachers! Leave them kids alone!”. Ironically, this marked a turning point. The contribution to US wage growth from educational attainment appears to have peaked since the early 80s. This is just another brick in the wall in our argument of weaker US trend growth.

Read more

Economics

Three myths about China’s growth slowdown

We are fast approaching the Chinese leadership reshuffle in late 2017. Attention could turn from the current period of relative calm and stability to the medium-term challenges lying ahead. In this context, we are likely to encounter three myths about China’s growth slowdown.

Read more

Economics

Escape velocity?

Are we moving away from secular stagnation and towards normalization?

Read more

All posts: 26

Page No: 1

NoOfPages: 4

All posts: /tags/growth/?page=2