Global economic activity remains firm, but somewhat uneven. Financial conditions have gradually eased and developed market real household income continues to grow due to falling inflation, resilient employment and firm wages, while manufacturing activity has been weak and faces the risk of increased protectionism. The US economy is outperforming, with a strong labour market, meaningful increases in […]
MINDFUL INVESTING Q4 | 2024 Read More »
Global economic activity remains relatively firm, benefitting from gradually easing financial conditions and strong developed market real household income growth, as inflation subsides. The US economy is demonstrating resilience, with relatively strong consumption underpinned by a robust labour market, above average immigration and high aggregate household wealth. Europe’s economy has stagnated given its export link
MINDFUL INVESTING Q3 | 2024 Read More »
Global economic activity remains steady, benefiting from gradually easing financial conditions and strong developed market real household income growth due to falling inflation and higher wages. The US economy is demonstrating resilience, with relatively strong consumption underpinned by a robust labour market, healthy immigration and high aggregate household wealth. Europe’s economy, which has stagnated given
MINDFUL INVESTING Q2 | 2024 Read More »
Global economic activity remains firm, benefiting from easing financial conditions and strong developed market real household income growth due to sharply falling inflation and higher wages. The US economy in particular is demonstrating strength, with relatively strong consumption underpinned by a robust labour market, healthy immigration and high aggregate household wealth. Europe’s economy, which has
Mindful investing Q1 | 2024 Read More »
Global economic activity should remain firm, benefiting from easing financial conditions and strong developed market real household income growth due to sharply falling inflation and higher wages. The US economy is demonstrating strength, with a relatively strong consumer underpinned by a very robust labour market and high aggregate household wealth. Europe’s economy, which has stagnated
MINDFUL INVESTING in tumultuous times Q4 | 2023 Read More »
Global economic activity has decelerated but is proving reasonably resilient in the face of very rapid monetary tightening. The US economy is demonstrating surprising strength, with a relatively resilient consumer underpinned by a strong labour market with very low unemployment. Europe’s economy, which has been slow given China’s weak economic recovery, should benefit from improving
MINDFUL INVESTING in tumultuous times Q3 | 2023 Read More »
Global economic activity has decelerated from higher post-lockdown rebound growth levels but is proving reasonably resilient in the face of very rapid monetary tightening. US economic growth has moderated from higher levels due to headwinds from sharply rising interest rates, less buoyant residential investment and notably higher consumer inflation. Despite subdued business sentiment, business fixed
MINDFUL INVESTING in tumultuous times Q2 | 2023 Read More »
The risks to the economy and financial system that the ANC’s flirting with Vladimir Putin’s Russia poses, have been spelled out in no uncertain terms by the South African Reserve Bank. The Reserve Bank does not engage in alarmist language, so when it warns of the government’s flirtation with Russia’s economic and financial system, it
The Ugly future of the SA Economy as government undermines the West Read More »
US economic growth is moderating from healthy levels due to headwinds from sharply rising interest rates, waning fiscal stimulus, less buoyant residential investment, notably higher consumer inflation and subdued business sentiment given geopolitical concerns. The US labour market remains resilient with household balance sheets robust, although consumer confidence is low. Europe’s economy is weak, with
MINDFUL INVESTING in tumultuous times | Q1 2023 Read More »
US economic activity is growing moderately from healthy levels despite headwinds from sharply rising interest rates, waning fiscal stimulus, slowing residential investment, notably higher consumer inflation and concerning geopolitical tensions. The US labour market has been resilient thus far and household balance sheets remain robust, although consumer confidence has declined. The US dollar strengthened considerably
MINDFUL INVESTING in tumultuous times Q4 | 2022 Read More »