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What constitutes a trade war? You’re looking at it
While we have remained cautious, now there is no mistake: A trade spat initiated by the United States last year with the imposition of tariffs on steel and aluminum imports has clearly escalated into a full-blown trade war. … READ MORE >
IMF cuts global growth outlook to lowest since 2009
The International Monetary Fund recently revised downward its forecast for global growth to 3.3 percent from 3.5 percent, the lowest level since 2009. Business executives, advisors, and other leaders must understand the fundamental changes that informed the revision and how those changes may impact their organizations. … READ MORE >
The RSM Brexit Stress Index–a waiting game
The RSM Brexit Stress Index finished the week at 0.36, virtually unchanged from last week’s close. Although the index remains within a range of normality in terms of asset price movement and volatility, there were nevertheless signs of increased stress in the majority of markets. … READ MORE >
Homebuilder confidence supported by rise in housing starts
There is good news for the U.S. housing market that saw a rough end to 2018. Domestic housing starts rose 5.7 percent to 1.235 million in April, while permits grew at a more modest 0.5 percent to 1.296 million. The growth was primarily driven in the Northeast and Midwest—drying out … … READ MORE >
Key construction index shows improvement, but builder cost hurdles remain
The National Association of Homebuilders’ Housing Market Index rose 3 points to 66 in May—a seven month high—helped by lower mortgage rates and improved sales of new homes. The increase added momentum to this year’s upward trend following a low at the end of 2018. A reading above 50 indicates more builders see conditions as good than poor. … READ MORE >