September 30, 2022 | United Kingdom’s Prime Minister Liz Truss introduced a fiscal spending plan to combat high inflation. Increased spending in a highly inflationary environment is counterintuitive. This mixed messaging continues to make the region a challenging place for further investment. Source: thedailyshot
...August 12, 2022 | While consumers have little control of inflation, they do control where they spend money. Unsurprisingly electronics, entertainment and dining out top the list… aka THE Consumer Discretionary sector.Look for downward pressure on the sector as this unfolds. Src: Morgan Stanley
...Spending and the Pandemic: Over the past 75 years, American consumer spending has had a clear, distinct trend line: There has been a lot more spending on services and a lot less spending on goods. You might say we as a country have been putting more money toward experiences than things. This trend has been so pronounced, in fact, that by the end of 2019, $0.70 of every dollar spent was going towards services, leaving just $0.30 for goods.
...July 22, 2022 Emerging market central banks have been aggressive in staying in front of inflation. For example, Chile began raising rates in July of ’21. This week they increased rates to 9.75% Emerging markets are gaining some credibility in this regard. Source: thedailyshot
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