One of the big challenges we see for investors today is the disconnect between the investment returns that have been realised over the past few years, and the likely investment returns that await us in the years ahead. At face value this disconnect is easily understood. Recent history has been spectacularly good for most asset…
House prices have been one of the unexpected beneficiaries of the pandemic. Lockdowns and the working-from-home revolution have spurred demand for more space, a larger garden, or a more suburban location. This greater appreciation for a better home environment has also manifested itself in a surge in demand for home improvement goods and services, as…
Let’s talk about the 1%. No, not that 1%. Not “the top 1%” wealthiest people, a phrase popularised by the Occupy Wall Street Movement. I mean a different 1%. The world is heading for a baby bust, and it has a lot to do with the 1% – the nearly 1% drop in the global…
To say that government debt levels are high is nothing new. Even before Covid-19 hit, despite years of austerity, debt levels were already extremely elevated. But after the fiscal damage of Covid-19, debt as a percentage of GDP has now reached extraordinary levels that, when viewed from a long-term historical perspective, are jaw-dropping. Take the…
