The economic dynamics of China are different from the US, but no more encouraging. It’s helpful to begin with a quick recap of Chinese economic performance over the past three years.
World Market News - Latest Updates and Global Insights
World markets are so intertwined these days — what happens in one region of the financial markets can affect another halfway around the world.
New markets in the global space are emerging all the time. And the key to growing your wealth is looking outside the box. The world is truly your oyster.
Here’s how the world market is looking at the moment…
The Cure for Inflation…And Its Side Effects
All together now, interest rates are staying ‘higher for longer’. The US Fed is dead set on taming inflation and rising long-term yields show investors think advanced economies can bring about disinflation without recession. But the ‘higher for longer’ crowd is grossly underpricing the risks of a sharper economic slowdown. The cure for inflation always has unpleasant side effects. Just ask Milton Friedman.
On the Nature of the Universe
Policymakers and Fed watchers are now giving more attention to a new line of argument, that central banks need to take account of what their actions mean for the supply side of the economy.
California Dreamin’
The US has been slipping in the international ratings for at least 20 years…and by some measures, for more than 50 years. The US share of world GDP, for example, has been cut in half, from around 40% in 1960 to barely 25% today.
A Global Recession? It’s Only a Matter of Time (Part Two)
Let’s consider some of the world’s key economic regions before we untangle what’s really going on. And we’ll start with the US.
The RBA is Whacking the Wrong Mole — You
Central bankers are focusing on wages in their fight against inflation. But what if that’s the wrong mole to whack? A debt crisis is popping up behind them…
