France finds itself in a unique, thorny situation. Can it heave itself out of it? And what does it mean for investors?
Investors have given up on European assets, which now suffer exceptional discounts to US ones. However, tighter US fiscal policy, the end of Europe’s austerity and deleveraging, the LNG Tsunami about to hit European shores, and the…
China’s November PMIs were mixed, and reflected very low growth. The official composite PMI was unchanged at 50.8, driven by a small uptick in manufacturing to 50.3 and a small downtick of services to 50. The Caixin…
The post-COVID recovery has been one of excesses. Government deficits have ballooned, tight labor markets have led to a windfall of consumer spending, and equity valuations have soared on the back of lofty growth expectations. But…
Executive Summary The US Needs To Reduce Its Primary Budget Deficit By Nearly 4% Of GDP To Stabilize Debt Rising government debt in the US has heightened the risk of a fiscal crisis. If interest rates stay where they are, the US primary…
This Strategy Insight presents our view on today’s rate cut by the Bank of England as well as the budget announced by the UK government last week.