Warsh Sees Global Investment Surge Replacing the Savings-Glut Era
Kevin Warsh says a global investment surge is replacing the savings-glut era, with consequences for growth, government borrowing and long-term bond yields.
Trusted Insights. Asian Perspective.
Kevin Warsh says a global investment surge is replacing the savings-glut era, with consequences for growth, government borrowing and long-term bond yields.
Talk of an Exxon return to Venezuela highlights the potential scale of oil reopening, while contract security and political risk remain unresolved.
A global bond sell-off pushed US, European and Japanese yields to multi-year highs as oil, borrowing and investment demand competed for capital.
Wall Street closed lower as rising oil prices revived inflation and rate concerns, even as the main US indices retained solid monthly gains.
Barclays now expects September and December rate increases after Kevin Warsh’s hawkish inflation message reshaped the US policy outlook.
New Zealand firms remain broadly confident as activity improves, though rising inflation expectations may complicate the interest-rate and earnings outlook.
The dollar is holding near a two-week high while the yen trades beyond 160 as stronger US rate expectations reshape currency and asset-market risk.
Federal Reserve Chair Kevin Warsh’s Jackson Hole remarks hardened expectations for monetary restraint, lifting Treasury yields while major US equity indexes edged lower.
Qantas’ accelerated A380 retirement highlights the trade-off between high maintenance costs, fleet efficiency and the passenger appeal of spacious long-haul aircraft.
India’s medium-term equity outlook is improving, while near-term supply and stretched valuations strengthen the case for selective exposure to power, capital goods and healthcare.