Central Bank and Government Fiscal policy decisions are now one of the key determinants of shor. The scope for investors to continue to generate historically attractive returns from the current elevated asset prices has diminished. However, the prospect of not investing is equally unattractive.
The year ahead sees markets performing a high wire act, with central bankers and politicians holding opposite ends of the wire. We discuss the perilous journey facing investors below.
Noisy, chaotic, uncertain, bifurcated… Finding the right words to describe the economic landscape is about as difficult as moderating a petulant 2-year-old.
This quarterly seeks to provide some insight into what is happening in the world of economics and investing
The increased level of government debt has skewed how monetary policy influences capital flows and inflation.
Further, the intermingling of central bank and government finances, where central banks now underwrite government debt through the creation of money, further limits central bank capacity to target traditional inflation goals.
This article explains how we think central banks will have to adept their policy settings.
The COVID-19 pandemic will delineate investment eras. We will talk about the COVID-19 crisis in the same way we now talk about the Dot-Com boom and the GFC. Like crises before it, we will get through the COVID-19 crisis and markets will recover. How long that recovery takes, and the costs involved, remain unknowns.
This quarterly update will cover:
Economic Update
Investment Update
Asset class overview
Portfolio position / industry commentary
What next?
With markets beholden to interest rates, we answer the two biggest questions investors should be asking. How long will interest rates remain low, and what are the consequences of low rates.
This quarterly update is a seven-minute overview of the economic landscape and how we think about investing in a low rate environment.
Please feel free to forward this summary to clients, colleagues and friends who can in turn subscribe.
This quarterly update provides an eight-minute overview of the macro-economic landscape and our view of the two scenarios we anticipate playing out in response to continued reductions in interest rates.
We provide specific investment commentary and finish off with how we are adapting our client portfolios to accommodate the changing economic conditions.
Dig below the surface as we delve into faltering monetary policy and the need for fiscal policy wisdom. We provide investment guidance before finish off with a look at the unlikely rise, in rhetoric rather than practice, of Modern Monetary Theorem (MMT).
This quarterly edition from Snowgum Financial Services provides you with a nine minute summary of matters to do with the investing, economics and markets. We look at some key data before exploring the economic wonder that is the wisdom of crowds
