Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
As I discussed last week, global economic growth is at risk from the US government’s imposition of tariffs on trade with China. But the focus on physical trade in goods is also missing an important point: the future, and the present, for some countries, is more about data flows than physical products. Unlocking the benefits …
Continue reading “Is the focus on tariffs on goods missing the point? Part two”
One of the significant risks to global growth this year just got bigger. Last week, the US increased tariffs by 25% on $325bn worth of Chinese goods. But, in reality, it’s a tax on US consumers who have to pay it to the US government, and will therefore slow economic growth in the US. By …
Continue reading “Is the focus on tariffs on goods missing the point? Part one”
Both equity and bond markets are riding high, suggesting an over-valuation in financial markets that is unsustainable over the longer-term. The equity market in the US and Europe stands at a record high, whilst the bond markets appear to be shrugging off concerns around inflation and over-leverage. The bullishness we see in both markets creates …
Continue reading “The calm before the storm – why market buoyancy could be a false premise”