Refine Search

Search Results

18 results found.

Why Is Inflation below Target in So Many Advanced Economies?
by John Greenwood of Invesco, 12/11/17

Since the global financial crisis, inflation in the advanced economies has persistently undershot their 2% targets despite unprecedented quantitative easing (QE), extraordinarily low interest rates, large fiscal deficits and near all-time low unemployment.

Argentina: Will the Reforms in Place Pay Off?
by John Greenwood of Invesco, 10/16/17

About 100 years ago, Argentina was one of the wealthiest countries in the world by virtue of its fertile land. Its economy thrived by shipping beef and grains around the world. But economic and political turmoil through the 1930s sowed the seeds of populism — the effects of which have lasted decades.

How Ireland's Economy Rebounded After the Financial Crisis
by John Greenwood of Invesco, 8/7/17

Prior to the global financial crisis (GFC), Ireland’s economy was a stellar performer, earning the country the moniker of “Celtic tiger.” The onset of the GFC caused a major economic contraction and a housing crash — but today, Ireland is once again the fastest-growing economy in the eurozone. In this blog, I examine the key elements that allowed Ireland to regain its footing.

Quarterly Economic Outlook for the Second Quarter of 2017
by John Greenwood of Invesco, 4/20/17
  • The Trump “reflation trade” is being undermined by the new administration’s failure to enact planned legislation like the ACA repeal, tax cuts, and the border adjustment tax.
  • Following the March 0.25% hike in the US federal funds rate, the Fed will likely raise interest rates twice more in 2017, taking the target range to 1.25% to 1.50% by the end of the year.
  • In the Euro-area the near-term environment will continue to be dominated by politics with upcoming elections in France and Germany, all against the backdrop of extended negotiations over Brexit.

Will Trump's Fiscal Stimulus Lead to Inflation?
by John Greenwood of Invesco, 4/3/17

Without a surge in monetary growth, fiscal policy alone doesn’t indicate inflation.

UK votes for ‘Brexit’
by Nick Mustoe, John Greenwood, Arnab Das, Mark Barnett, Jeff Taylor of Invesco, 6/24/16
Following the UK’s historic decision to leave the European Union (EU), we share the initial views from several of our investment and economic experts in the UK as to what this result may now mean for the markets.

What does the Outcome of the Greek Referendum Mean?
by John Greenwood of Invesco Blog, 7/6/15
On Sunday, July 5, the Greek people had to choose in a referendum between Scylla and Charybdis: voting “Yes” if they were willing to accept the demands of their creditors and “No” if they rejected those proposals. The outcome was that approximately 61% voted “No” and 39% voted “Yes” in a turnout of 62% (6.16 million people out of 9.86 million registered voters).

Global Economic Outlook: US Sets the Pace for Growth in 2015
by John Greenwood of Invesco Blog, 1/2/15
As we begin the new year, there are certain key issues that I expect to dominate the macroeconomic conversation and to impact markets around the world. Here, I highlight a few of those issues.

Worried About the Unknown? Focus on the Business Cycle Instead
by John Greenwood of Invesco Blog, 11/3/14
Lately, Ive been fielding questions about the possible unknowns that could bring about the end of the current economic expansion. While I understand investors trepidation about the unknown, I believe this concern is misplaced. Business cycles do not generally end because of unforeseen accidents. They normally end because central banks, in an effort to bring down inflation, raise interest rates, which creates an inverted yield curve and slows money and credit growth. We are clearly a long way from this scenario at present.

It Will Take More Than ECB Rate Cuts for the Eurozone to Fully Recover
by John Greenwood of Invesco Blog, 9/22/14
The European Central Banks (ECB) surprise rate cuts on Sept. 4 reducing its main lending and deposit rates by 10 basis points show that its policies so far have been inadequate to solve the euro-areas economic malaise. Economic growth has stalled, and deflation remains a threat in the eurozone. The rate cuts may help to weaken the euro further in the currency markets, but nobody should be under any illusion that banks will start lending or expanding their deposits as a result of the rate cuts alone, or that these cuts will trigger a wider economic recovery.

Money Matters Part 2: China's Bitcoin Ban
by John Greenwood of Invesco Blog, 1/13/14
This second of a two-part series about bitcoin looks at the impact of Chinas recent ban on the virtual currency. Part 1 examined the viability of bitcoins as a potential global currency.

Money Matters Part 1: Bitcoin as Global Currency?
by John Greenwood of Invesco Blog, 1/6/14
In 2009, bitcoin became the first cryptocurrency, or digital medium of exchange, to begin trading. Is it currency or a commodity? Is it a potential peer or a threat to existing currencies? Lets take a closer look.

Debt Crisis Recovery: Bell Curves and Balance Sheets
by John Greenwood of Invesco Blog, 12/16/13
This three-part series examines the life cycle of a debt crisis and looks at where the US, UK and eurozone are in the recovery process. This second post looks at where the US stands in the deleveraging process. Part 1 explained the phases of a debt crisis, while Part 3 will focus on why the UK and eurozone lag the US in balance-sheet repair.

Debt Crisis Recovery: Bell Curves and Balance Sheets
by John Greenwood of Invesco Blog, 12/9/13
This three-part series examines the life cycle of a debt crisis and looks at where the US, UK and eurozone are in the recovery process. This first post explains the phases of a debt crisis. Part 2 will look at where the US stands in the deleveraging process, while Part 3 will focus on why the UK and eurozone lag the US in balance-sheet repair.

The ECB Rate Cut - Too Little and Too Late
by John Greenwood of Invesco Blog, 11/18/13
The decision of the European Central Bank (ECB) last week to cut its main refinancing rate from 0.5% to 0.25% and the marginal lending facility from 1.00% to 0.75% is too little and too late -- and virtually irrelevant to financial markets. The decision came after published data showed the eurozone headline consumer price index slowing to 0.7% year-on-year in October. Of course the equity markets rallied temporarily in a knee-jerk reaction to the ECBs move, but by the end of the day most of the gains were lost.

China: As Growth Slows, the Need for Reform Grows
by John Greenwood of Invesco, 6/10/13
The world is closely monitoring the status of Chinas economic growth rate. The countrys economy began to rapidly grow in the late 1970s, and it had been growing at about 9% or 10% per year, until the global downturn of 2008 and 2009. During the global financial crisis, the economy slowed abruptly. Since then, it has not been able to get back to that 10% growth rate.

US Balance Sheet Repair: More Difficult This Time
by John Greenwood of Invesco, 6/3/13
In most developed economies, the post-war years since 1945 saw sustained business cycle expansions alternating with shorter recessions. At the end of each expansion, authorities dealt with inflation by raising interest rates and slowing credit growth. When inflation subsided, interest rates were lowered again.

Eurozone: Why a Breakup Is Still in the Cards
by John Greenwood of Invesco, 5/28/13
I was recently asked whether I still hold the view that the eurozone will fragment, or whether I have moved from that position. Simply put, I am sticking with my position. I think that eventually one or more smaller countries will defect from the eurozone. Cyprus came close to it, and I think Greece may still exit.
18 results found.