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This time really is different
June 2020: The sheer scale of the economic heart attack caused by COVID-19 can be difficult to grasp, especially when the sun is shining and lockdowns are starting to ease. But this month’s chart of job losses and recoveries in US recessions since the Second World War brings home the enormity of the damage.
Will COVID-19 cause a recession?
March 2020: February saw concerns over coronavirus truly go global. Whilst public safety and containment of the outbreak must clearly be the primary concern, for financial markets the key question is will the virus cause a recession?
Wise men from the East
December 2019: Japanese companies' balance sheets bear gifts western investors can only dream of...
Mad for growth
September 2019: Investors chasing growth stocks creates both danger and opportunities
Heads you win… tails you win?
May 2019: Can you have your cake and eat it with index-linked bonds?
TINA turning?
February 2019: Rising returns on cash may cause investors to withdraw from riskier assets such as equities and corporate bonds
The tortoise and the hare?
September 2018: Japan retakes title of second-largest stock market from China
Damned if they do… damned if they don’t
June 2018: Wage inflation in the US poses a growing problem for the Fed
Japan: a forgotten market?
March 2018: Japanese shares have risen strongly, but not nearly as much as company profits.
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