Is this what happens when the US economy overheats, the USD goes on a tear and everyone else stagnates ...
If ever you were looking for a 70's re-run chart ...
Defence is a major winner in the new geopolitical reality we occupy ...
Japan is just one ... others will be following ...
I'm think this warrants cuts ...
Never forget ...
That inflation is kryptonite for politicians ... and higher rates will cool the housing market ...
The European challenge ...
Nicely put ...
UK rental supply ...
Is that a pendulum I see swinging ...
Signs of life in US office occupancy ... this is one where the US is lagging the ROW ... we have all been where NYC is for a while now ... and while I am not sure that office markets will ever be quite the same again as a portfolio anchor... I think it would be unreasonable to keep assuming that they will disappear completely from portfolio allocation .. the right debate is what is a sensible allocation ... and where should you focus that capital ...
Again - this is a space and a place where Europe could lead the debate ... for once we know what it looks like when people come back and we are right in the vanguard of deciding what works best when it comes to sustainability and energy efficiency...
Striking chart ...
If Ukraine & Russia settle ...
Then energy costs in Europe might come down ... which IMHO would yield a bigger boost than the a drag from tariffs ...
Gulp...
