March 15, 2022—The international response to Russia’s invasion of Ukraine has been nothing less than swift and severe. The global community has rallied around Ukraine, cutting off Russia’s access to financial markets, consumers, and suppliers. As a result, the Russian ruble has devalued by over 30%.
March 4, 2022— The horrors unfolding in Ukraine are deeply upsetting on every level. As investors, it is our job to separate emotions from facts that alter our 9–12-month view of the economy and financial markets. The situation in Ukraine has deteriorated at a rapid pace in the past two weeks, challenging some of our earlier assumptions and raising the risk of a more substantial impairment to economic growth in Europe.
May 13, 2022Topics shared in this publication are:U.S. inflation is at the highest in four decades due to COVID-19 induced spending on goods, supply chain issues, fiscal stimulus from the government and very accommodative monetary policy from the Federal Reserve.We expect a deceleration in inflation in 2022, due to several factors. They include reduced consumer savings, low consumer sentiment, slower demand for housing as a result of declining affordabilty, as well as softening wage pressures.