If the US does have a soft landing it would be because the Federal Reserve tightened enough to slow inflation, but not enough to throw the economy into recession.
Main Content
Are PRSA’s the Future?
The removal of the benefit in kind (BIK) on employer contributions now makes the PRSA a very real competitor to both retail and group master trusts.
Investment themes for 2023
Most investors will be glad to see the back of 2022. It was a grim year for both bonds and equities.
Transitory tightening?
Bond investors have started the new year on a very upbeat tone.
Global ‘Savings Glut’ continues to drive down the return on capital….
So what does the global savings glut imply for economic policy, investment and asset pricing in the years ahead?
Not another inflation article
It is no mystery as to why we have seen rates increase so much over the course of 2022.
European Outlook 2023
With a tolerable monetary headwind, pockets of earnings tailwinds and modest valuations it may just be that Europe continues to shine versus its peers.
Do not underestimate the impact of quantitative tightening
It may affect economies more than central banks assume
2023 US economic outlook: Recession, the path of least resistance
We believe the Fed is likely to continue to tighten monetary policy to slow the economy and curb price increases, which will ultimately result in a recession.
Zero covid u-turn brightens China’s outlook
China’s pivot on Covid policy creates near-term uncertainty amid fears of an exit-wave of infections, but looking further ahead, a handbrake on activity has been lifted.
The value of dividends in any season
We believe dividends should be an additional consideration in generating a substantial total return over time.
China has changed
To state the obvious, over the past decade stocks excluding the US have delivered mediocre performance.
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