Could we be entering the zone of a global monetary policy mistake? Recent hawkish stances taken by some major developed market central banks make this a valid question. There is now a meaningful risk that these central banks could overtighten in their quest to quell inflation and help push the global economy into recession as well as induce a financial market recession. China’s … [Read more...] about Central banks step into potential policy error territory
India’s economy has recovered strongly from the Covid-19 shock, led by a rebound in (contact-intensive) services. Growth is likely to moderate in the coming quarters, given fading reopening gains, depletion of household pandemic savings, the lagged effects of monetary policy tightening, the withdrawal of Covid-related fiscal relief measures, and external headwinds from a … [Read more...] about India picks up pace amid global slowdown
Artificial Intelligence (AI) is a key pillar of the digital transformation theme, which is driving significant disruption and spurring new growth. Grant Bowers, portfolio manager with Franklin Equity Group, offers a unique perspective of the challenges and benefits of this evolving and disruptive technology. For decades, the idea of computers seemingly becoming sentient and … [Read more...] about Age of AI
Lately, it’s been easy to see the optimism. As of the Friday close, the S&P 500 is up 15% so far this year (not including dividends) and up 23% (again, without dividends) versus the lowest bear-market close back in October. … [Read more...] about Is the recession threat dead?
Are we overly pessimistic on the underlying resilience of the UK economy? Are we reading too much into headline inflation and over-discounting more positive data? … [Read more...] about Confounding UK Inflation