The FM Report

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Economic

Unsustainable

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The US economy is recovering rapidly from the COVID-19 disaster. The rollout of vaccines, the lifting of restrictions, loose monetary policy, and a massive increase in government spending are all playing their parts. The problem is that the massive government “stimulus” checks have put the economy in a strange position, where retail sales are far above where they would be if … [Read more...] about Unsustainable

Irish economy – a case of more darkness than light

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It has been a traumatic twelve months or so for the global economy with the Covid-19 pandemic wreaking havoc in more ways than one, with millions paying the ultimate price, with their lives, and millions more losing their jobs as a result of prolonged lockdowns. We are still none the wiser as to how this will all play out in the end, but the rollout of vaccines combined with … [Read more...] about Irish economy – a case of more darkness than light

What China’s 14th Five‑Year Plan Means for Investors

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China recently unveiled its 14th five-year plan (FYP) to guide the country’s economic development over the coming five years, along with the blueprint for a long-term strategy that outlines its vision for 2035. Overall, we think the new long-term plan should imply a stable outlook for China, with diverse potential opportunities for investors across different sectors. China’s … [Read more...] about What China’s 14th Five‑Year Plan Means for Investors

The Return of Inflation

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Inflation is not dead. It is not gone. It has not been tamed. We know it seems like it, especially after the past few decades which generated in many an “inflation-complacency” that feels justified. After all, following the 2008 Financial Panic, many predicted Quantitative Easing would cause hyper-inflation. When the Fed boosted the Monetary Base by more than $3 trillion … [Read more...] about The Return of Inflation

The EU-UK Trade Deal Leaves Open Questions

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The wait is finally over. Four‑and‑a‑half years after the Brexit referendum, the UK has exited the European Union’s single market and customs union, leaving behind a political and economic arrangement that had been in place since 1973. However, while the trade deal agreed between the two sides provides clarity in some areas, a great deal of uncertainty remains about what Brexit … [Read more...] about The EU-UK Trade Deal Leaves Open Questions