The Outlook for Asset Prices and the Business Cycle
The global business cycle, or the US business cycle, is by far the most important determinant of the performance of asset prices such as equities or real estate. The year 2018 has also been notable for the failure of these asset prices to continue the steady gains they made in the years 2009 - 2017. What has changed, and can we expect the normal relationship between the business cycle and asset prices to be restored in 2019?
- The normalisation of interest rates, central bank balance sheet shrinkage and their impact
- Mr Trump’s trade war and its impact on stock market performance
- Why have Japan, the Euro-area and the UK lost momentum?
- Can China overcome the triple whammy from deleveraging, trade war and currency weakness?