Sunday, 18 March 2018

Stories we should be thinking about (18/03/18)

Stories we should be thinking about


Still the link to be reading ahead of this week’s G20 meeting in Argentina
is this from the IMF who are on the warpath re the need to guard against
protectionism, make growth inclusive and for governments to keep on reforming  


Can’t think who they are ‘lobbying’...
Anyhow trade matters and this link here contains the wonderful graphic
below which indicates some of the most potentially impacted areas from
any significant trade disruption.  Here’s hoping for a sensible and practical
communique from the G20 meeting...


And - yes - international exposures do matter for the US.  Yes the bubble
sizes above are a touch smaller than for the EU exports BUT look at the split
about what type of company is driving the S&P 500 in this great graphic from
Factset:
Whilst we are talking about the US I was struck by this via @lisaabramowicz1 which
observed: Investors are earning the least extra yield on the S&P 500 relative to
investment-grade bonds since 2010 (using the S&P earnings yield.)

Still better pick-up yields in other markets...and funnily enough this is why
I prefer non-US exposure currently

And then there’s the impact of too much debt issuance...

You can read the rest of Stories to be thinking about HERE


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