Given current and projected productivity and labor supply dynamics, productivity is unlikely to provide a significant lift to future growth.
Transient market volatility has the potential to be thrilling
This paper examines the U.S. commercial mortgage loan (CML) market and U.S. insurers’ investments in CMLs.
A slew of fundamental developments over the week suggests the macroeconomic backdrop continues to deteriorate, and yet bond markets are still generating strong returns across not only safe havens but also risk assets. Can this momentum persist into Sept.
Investment strategies for a late-cycle environment
European high yield spreads are still above their long-term tights, but that doesn’t take quality into account. Are fundamentals robust enough to justify taking more risks?
A new trade announcement from the Trump administration has comprehensively overshadowed the Federal Reserve’s first rate cut since the financial crisis. What impact will the most recent round of tariffs have on the economy and on markets?
The paper discusses the opportunities and risks that institutions should consider when investing in China’s A-Share and private equity markets.
Another week of dovish central bank rhetoric suggests that rate cuts are a near certainty in the US and Europe. Will easier monetary policy fulfil its objective of preventing recession, and what will be the implications for currency markets?
The 2019 rally is underpinned by progress on the fundamental issues that rattled markets at the back end of last year. But given the strength of the rebound, how much longer can it continue?