In a world post-2000, we find ourselves operating in the ‘new economy’ following the tech bubble and the GFC. Accordingly, the rules of the game have changed. Investors need to consider persistent low interest rates and low inflation, employment and labour participation shifts, and technological advancements, as well as ageing... Show More
President Trump recently claimed he will be “the greatest jobs producer that God ever created”. Economists debate how much presidents actually influence job creation and President Trump is coming into office at a time when the US economy is already close to full employment in the opinion of the US... Show More
Chad Slater from Morphic Asset Management says that with the December meeting almost guaranteed to deliver a US rate hike the real question facing investors is what happens in 2016. “There is about 2.5 rate hikes priced in for next year, which would make it the slowest hike cycle ever.”... Show More
The latest US jobs reports shows that wage growth remains sluggish with year on year growth coming in at just 1.9% according to the June jobs report. This is despite retailers like Walmart, Target and IKEA all announcing plans to boost wages. The last time unemployment was at current levels... Show More
US wage increases have remained weak despite the apparent improvement in labour market demand implied by the unemployment rate. The chart (for US private sector production and nonsupervisory employees) offers a 50 year perspective on what has been happening. Friday's US labour market report for April offered some better than... Show More
