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Monthly Archives: November 2023
BCA: double-digit stock market drop in 2024
Higher interest rates have sharply increased carrying costs while lowering spending and investment through the economy. Both revenue and profit numbers are broadly in retreat and the urge to cut costs is intensifying. There will be a bottom in equity … Continue reading
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Inflated risk assets mean central banks tighter for longer
A flat October US CPI release yesterday inspired both equities and bonds to rally on a growing belief that inflation is decreasing, and the US and Canadian central banks, on hold since July, are done hiking policy rates this cycle. … Continue reading
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Consumer spending plans at recessionary levels
The University of Michigan Consumer Survey for November found a fresh low in spending intentions. Consumers citing interest rates as preventing them from buying an automobile (36%) and a home (67%) were the highest since the 1981 and 1982 recessions … Continue reading
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