- The world economy is booming, which is good for corporate earnings.
- Equity valuations should be able to handle a modicum of higher interest rates.
- But capacity constraints and labor shortages start emerging, the adjustment could be more brutal.
- It is especially important where this happens first, as this will impinge on currency and bond markets, as we’ll explain.
Booming World Economy Is Facing Constraints
January 9th, 2018 · No Comments