Threats from Artificial Intelligence and Walmart’s earnings
Technological disruption poses serious threats to incumbent businesses. Here are two examples from Artificial intelligence and Walmart's earnings showing how this disruption occurs.
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James Montier: The Advent of a Cynical Bubble
James Montier reveals data showing everyone knows stocks are overvalued. But they act as if they believe they can get out before the bottom falls out. This will end badly when the market stalls out.
Rising real yields, household debt and ECB tightening
Volatility is still elevated in US equity markets. Rising real yields are the big factor there. All signs are that real yields can continue to rise. But going forward, globally, some other issues to consider are household debt and the ECB's…
What Jeremy Grantham is not telling you about a US stock market bubble
Rotating into emerging market equities as the US market soars is Jeremy Grantham's recommendation. That's a daunting prospect for most US retail investors. Here's why.
Albert Edwards: First the meltdown, then the melt-up
Albert Edwards says the Fed will tighten more aggressively. The increase in interest rates will be a stimulant at first. But eventually, the higher rates will catch up with debtors.
The march higher in US interest rates will continue
Rising inflation expectations are pushing interest rates higher. But Fed moves matter more. If the data continue to show growth in the economy, markets will move toward the Fed and interest rates will rise.
Inflation data reinforce expectations for more Fed rate increases
The rise in inflation is necessary but not sufficient to force the Fed to tighten even more aggressively than it has forecast.
Why UK long-term rates are so low
Low interest rates in the UK show how powerful expectations of future central bank policy action is on bond markets given rising inflation.
The Economics of Rising Populism
Fear political populism and the loss of democracy but embrace economic populism as necessary.
What is pro-cyclical fiscal policy?
Sometimes governments choose to mimic the private sector and amplify the trend in the economy. This is called pro-cyclicality - and in worst case scenarios, it can be quite destabilizing.