The Federal Reserve hikes rates again Published by Hilliard MacBeth on Jul 28, 2023 The Federal Reserve hiked interest rates again, to 5.25 percent to 5.5 percent. This is the highest Federal Funds rate in 22 years. The Fed has stated that it is determined to wrestle inflation back under control, which means getting to its 2 percent... Read more
China property market struggles with debt bubble Published by Hilliard MacBeth on Jul 21, 2023 China began a new stage in its multi-year struggle with insolvency among property developers. One of the biggest, China Evergrande, reported losses of US$81 billion this week. Will massive debts of US$207 billion dollars in the property sector drag China... Read more
The Bank of Canada is more worried about inflation than a recession Published by Hilliard MacBeth on Jul 14, 2023 The Bank of Canada raised its interest rate again this week, the tenth increase since March 2022. The new level, at 5 percent, means that many borrowers will face rates of 7 percent and higher on bank loans and mortgages. Why does the Bank of Canada keep... Read more
Value investing will come back Published by Hilliard MacBeth on Jul 07, 2023 Value investing as a style should be doing better during this period of rising interest rates and growing recession fears. But growth investing continues to perform better than value investing by a wide margin. Will value investors ever dominate again?... Read more