Investing In EV Carmakers and Supply Chains? Utility Work Ahead
Future growth projections for electric vehicles vary dramatically, but all reflect real opportunities for fundamentals-focused investors surveying the links in supply and production chains.
How the German Election Could Dictate Europe’s Future Direction
As Germany prepares to go to the polls in its general election, David Zahn, Franklin Templeton Fixed Income Group’s head of European fixed income, considers what the result could mean for Europe, the European Union and the eurozone.
The Risk of a New Economic Non-Order
The upcoming IMF and World Bank annual meetings offer a critical opportunity to start a serious discussion on how to arrest the lose-lose dynamics that have been gaining traction in the global economy. The longer it takes for the seeds of reform to be sown, the less likely they will be to take root.
The German Election and Markets
What might the German election mean for markets?
U.S. Debt Tops $20 Trillion - Stocks Soar To Record Highs
We touch on several bases in today’s letter that are not entirely related. We begin with the 800-pound gorilla in the room – the fact that the US national debt topped $20 trillion last week.
North Korea: An Update
North Korea has become increasingly belligerent, launching ballistic missiles, testing a hydrogen device and claiming to have miniaturized a warhead; if true, this means it is a nuclear power. Although Trump says “all options are on the table,” a full-scale war would be catastrophic and may be impossible to contain.
Random Gleanings at 38,000 Feet
Reflecting on the months of travel as we wing our way back to Tampa at 38,000 feet, one of the more interesting encounters in those travels was spending time with Steve Forbes (Forbes Magazine). Although Steve is a staunch Republican, he suggested that Republicans worship at the altar of the CBO (Congressional Budget Office).
What to Expect from the Fed's Balance Sheet Runoff
The Federal Open Market Committee is expected to begin the process of reducing the Fed’s balance sheet. Here’s what it may mean for investors.
World Markets Update
All eight indexes on our world watch list have posted gains for 2017 through September 18. The top performer thus far is Hong Kong's Hang Seng with a gain of 28.0%, followed by India's BSE SENSEX at 21.77%. In third is our own S&P 500 with 11.84%.
Interest Rate Outlook: Long-Term US Rates Could Rise on Global Growth and Stabilizing Inflation
Invesco Fixed Income shares its views on rates around the world.
On My Radar – Forward We Go
Last week, investors were lamenting the lack of inflation. This week, they’re fixated on its rise. On Thursday, data showed consumer prices climbed 0.4% in August from a month earlier and 1.9% from a year earlier, a sign that inflation is once again on the upswing after months of soft readings.
Are Cryptocurrencies the Best Investment Opportunity of the Next Decade?
This is part one of a comprehensive primer on cryptocurrencies and blockchains.
World Leaders are Taking Investors Down a Dangerous Economic Path
Stock market performance has not been driven by the improving health of the global economy. Just as negative interest rates are not a positive for the continued health of the economy, current stock market performance does not augur rosy future returns for stocks. In fact, the opposite is true.
Keynesian Spending Does Not Lead to Higher Debt
In the 80 years since Keynes published his General Theory, few questions have been as controversial as whether or not government spending can stimulate a weak economy. New research shows that stimulus spending indeed does work, even for countries facing high debt burdens, unemployment and inflation.
The Blockchain Could Potentially Be as Disruptive as Amazon Was in the 1990s
With its ability to validate all transactions in an immutable electronic ledger, the blockchain has the potential to be as disruptive as Amazon was in the late 1990s. When the company went public in 1997, there were serious doubts whether people would willingly give up their credit card information just to buy a book. Since then, Amazon stock is up 8,000 percent, and founder Jeff Bezos briefly overtook Bill Gates in July to become the world’s wealthiest person.