The Red Sea’s Inflation Risk
In This Issue: Global shipping chokepoints expose risks Vulnerability of supply chains exposed again Inflation risks are put back on the table Houthi militias hold the cards if the Red Sea is going to cause wider economic risks Over the last several decades, military and shipping industry experts have warned…
Read moreThe US National Debt Challenge
In This Issue: 2001 consensus was for the US to be debt free by 2010 Rising spending and the pandemic spiked debt Facing hard choices at a challenging time Canada showed debt can be solved For over a generation, fears about the US national debt have ebbed and flowed. A…
Read moreChina’s New Normal
In This Issue: China’s economic challenges China real estate sector causing significant disruption China’s population expected to fall 50 percent by the end of this century Implications for the global economy Over a decade ago, many scholars and commentators had concluded that China’s economic rise would mark this century as…
Read moreBanks Create New Hurdles for Economic Growth
In This Issue: The 2020s nothing like the Roaring 20s Add bank failures to the mix of worries SVB’s failure is not a systemic issue so far Credit tightening helping Fed with inflation Big 4 banks act as safe ports in the storm It is said that the 1920s was…
Read moreCrossborder Retirement Pensions
Many Canadian and American expatriates we encounter need guidance with respect to their government pension planning. Commonly, they will have worked in both countries and have accumulated both Canada Pension Plan (CPP) and US Social Security (SS) pension credits. The question then becomes, “which pension do I apply for when…
Read moreInflation Optimism & Recession Fears
In This Issue: 2022 was not all bad Positive surprises being masked China’s policy U-turn is a mixed positive Inflation battle beginning to turn Mild recession if policy errors avoided At the start of every year, one of the long-standing traditions in the investment world is for strategists to publish their…
Read moreBonds Finally Get Interesting
In This Issue: Bond markets are pivotal to markets Policy errors destroy bond returns Balanced portfolios showing historic declines Bond price drop creating attractive valuations The late comedian Rodney Dangerfield was known for the famous line “I don’t get no respect.” When it comes to investing in the financial markets,…
Read moreWar on Inflation Awakens the Bear
In This Issue: In Spring 2020, the global economy entered the deepest recession since the Great Depression. Fortunately, it also turned out to be the shortest recession on record – lasting barely two months. Powered by a limitless level of stimulus from governments and central banks, the global economy roared…
Read moreThe Return of the Old World Order
In This Issue: War in Europe & the old world order Conflict brings energy security to center stage Economic growth forecasts lowered Evolving perspectives on ESG Investing As the COVID pandemic peaked and the world started to transition back to some semblance of its pre-pandemic characteristics, it is clear that normal…
Read moreInflation Fueling Markets’ Anxiety
In This Issue: Interest rates set to rise Investor anxiety is rising Markets undergoing a repricing History shows worries might be misplaced For over 40 years, interest rates have been falling across the world. However, the path of interest rates has not followed a smooth path downward. To those with…
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