Jeremy Grantham, founder and investment strategist at money manager GMO, believes that the odds of the current market situation being an accident are less than one in a million. He feels that the traditional explanations for both seasonal patterns are no longer as convincing as they used to be, but they are still powerful.
The Federal Reserve has expressed concerns that prices, which have begun to decline, could reaccelerate due to tight labor markets. The question is whether to give more consideration to prices and wages, or to how the economy is operating in comparison to its normal capacity.
The pressure on China's chip makers is set to increase after President Joe Biden secured international support limiting the flow of advanced technologies to the world's second-largest economy.
According to a new estimate from the University of Pennsylvania’s Wharton School, a central piece of President Joe Biden’s student-debt reform package could cost as much as $361 billion over the next decade.
Impax Asset Management Group Plc, one of the world’s largest ESG fund managers, is exploring stocks and sectors it once avoided as the US Inflation Reduction Act redraws the green investing map. The Act, which was passed in December 2020, aims to reduce inflation by capping the amount of money that can be printed by the US government. This could have a major impact on the economy, and Impax is looking at how it can profit from the changes.