Mise à jour sur l’investissement responsable de CC&L – 2023
septembre 21, 2023 | Gestion de placements CC&L
Veuillez cliquer sur ce lien pour consulter notre dernière mise à jour annuelle sur l’investissement responsable (IR).
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A pet in your portfolio: The investment strategy you didn’t know you needed
septembre 21, 2023 | Gestion d’actifs Global Alpha Ltée
Explore the pet industry as an investment option, where love for pets can bring economic growth.
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Monetary conditions still tightening
septembre 20, 2023 | NS Partners
Global six-month real narrow money momentum is estimated to have broken to a new low in August, reinforcing pessimism here about economic prospects and casting strong doubt on now widely-held “soft landing” hopes. Real money momentum bottomed in July 2022, recovered during H2 but suffered a relapse in early 2023, retesting the 2022 low in April.
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Insurance and natural disasters
septembre 14, 2023 | Gestion d’actifs Global Alpha Ltée
Rising natural disasters challenge insurance: are we ready for the financial fallout?
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Perspectives de septembre 2023 : Le retour silencieux de la machine gouvernementale
septembre 14, 2023 | Gestion de placements CC&L
Analyse de la hausse furtive des déficits aux États-Unis et du changement tranquille de politique budgétaire dans un contexte de gains économiques.
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Steady drip feed of policy support continues in China
septembre 13, 2023 | NS Partners
The drip feed of policy support in China continues.
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UK labour market data weak not “mixed”
septembre 13, 2023 | NS Partners
A post in May suggested that UK employment would embark on a sustained decline in Q2. This was based on the stock of vacancies having fallen 17% from its 12-month peak – declines of more than 15% historically were always associated with sustained employment falls.
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Global “double dip” on track
septembre 8, 2023 | NS Partners
A “double dip” in the global economy suggested by monetary trends appears to be playing out, with weakness likely to intensify into late 2023. The global composite PMI new orders index – a timely coincident indicator – continued its decline from a May peak last month.
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Keep on running
août 31, 2023 | Gestion d’actifs Global Alpha Ltée
Pandemic-led boom in sneaker sales wanes.
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Disastrous European monetary data
août 31, 2023 | NS Partners
Eurozone / UK July money numbers offer further support to the assessment here that ECB / Bank of England policy tightening has been excessive and – unless reversed swiftly – will cause unnecessarily severe economic weakness and a medium-term inflation undershoot. The latest releases are astonishing in several respects.
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Why have real yields risen?
août 25, 2023 | NS Partners
Why have global government bond yields picked up over the summer despite weakening PMIs and neutral / favourable inflation news? The rise is attributed here to a further deterioration in the global “excess” money backdrop driven partly by unexpected output strength as an easing of supply constraints has allowed firms to work off order backlogs.
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Chinese weakness due to policy misstep
août 23, 2023 | NS Partners
Pessimistic commentators argue that the Chinese economy has entered a “liquidity trap” and faces Japan-style deflation. This assessment is not shared here: a recent monetary slowdown can be explained by misguided policy tightening around end-2022, which is now being reversed, while broad money growth would need to fall much further to suggest a sustained decline in prices.
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Forever chemical cleanup challenge
août 17, 2023 | Gestion d’actifs Global Alpha Ltée
The battle against PFAS contamination intensifies – and how our portfolio company is stepping up.
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Easy as ABC (anything but China)?
août 11, 2023 | NS Partners
China’s authorities try to revive animal spirits, India’s banking powerhouse: exploring cyclical and structural shifts in emerging markets.
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