We discussed the Chinese property bubble in our last blog as residential properties in Beijing, Shanghai and Shenzhen are now trading at 43 times average earnings. The property sector makes up 25% of China’s GDP growth which is three times…
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The backdrop to the Federal Reserve’s Open Markets Committee (FOMC) meeting in August was rising US inflation of 5.4% in July, unemployment standing at 5.4%, interest rates at 0.25% and 10 million job vacancies. Not surprisingly, Jerome Powell signalled as…
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EDITION 35 PORTFOLIO SELECTIONS Our last Portfolio Edition 34 was researched and built in November and December 2020 when the outcome of the expected recession, the furlough programme extension, the vaccine roll out and Brexit were all unknown but important…
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The Chinese economy grew 18.3% in the twelve months to the end of March 2021. This is a remarkable recovery from last year. This 18.3% growth comes on top of the news that the Chinese economy fully recovered its GDP…
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On 23rd April India reported 332,730 new cases of Covid infection and a record 2,263 deaths. Hospitals are forced to stop admissions due to chronic oxygen shortages. Hospitals with desperately ill patients simply ran out of oxygen and had to…
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The shift to online retail during the pandemic will continue and that sales in retail stores will not immediately return to pre pandemic levels quickly. Retail insolvencies have reduced the attractiveness of city centres and retail parks. It is expected…
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Recent upswings in equity markets have been boosted by news that China posted a record 18.3% growth in economic activity in the year to the end of March, that the US$1,400 stimulus cheque being paid directly to all US adults…
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The number of new Covid cases has certainly declined in the US since the dramatic improvement in vaccination roll out rates since Joe Biden took office. The effective roll out as of mid-April, seen 64% of the US adult population…
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The likelihood of an early Eurozone recovery from the Covid crisis was put into perspective by many of Germany’s top economic institutes as they cut their forecast for German GDP growth this year mainly due to third wave lockdowns and…
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