Something Good for the Month
August 2023
Read. Reflect. Re-energize.
SmartLess | An Interview with Michael Lewis | SmartLess w/ Jason Bateman, Sean Hayes, Will Arnett
Michael Lewis, legendary author, lost his 19 year old daughter in a car accident and less than a year later he talks about grief, love and friendship. Link starts at 60 minutes in.
The Market | Everything Is in Place for a Capex-Driven Commodity Super-Cycle
The situation in Ukraine remains volatile. Marko Papić, Partner and Chief Strategist at Clocktower Group, talks about the consequences of the war for financial markets and explains why he sees political destabilization in Russia as a catalyst for a structural bull market in commodities.
Wealthion | Jim Rickards: Western Economies About To Slam Into A BRICS Wall?
Macro analyst Stephanie Pomboy returns as a guest host on Wealthion to interview currency expert James Rickards about the highly-anticipated announcement of a new commodity-backed trading currency by the BRICS countries (Brazil, Russia, India, China, South Africa + a number of other resource-producing countries). Collectively, these countries has as much or more land, population, GDP, nuclear weapons and other key strategic resources as America and its Western allies. What repercussions are most likely to ensue from a new competing currency issued by the BRICs to compete with the US dollar’s status as the world reserve currency?
Dr. Edward Yardeni | Misleading Economic Indicators?
Awaiting Fed Chair Jerome Powell’s Jackson Hole speech on Friday, which is bound to impact the financial markets, let’s review the latest composite economic indexes.
Visual Capitalist | Animated: Global Debt Projections (2005-2027P)
“Total global debt stands at nearly $305 trillion as of the first quarter of 2023. Over the next five years, it is projected to jump even further—raising concerns about government leverage in a high interest rate and slower growth environment. As global debt continues to climb, this animated graphic shows data and projections for public debt-to-GDP ratios using the World Economic Outlook (April 2023 update) from the IMF.”
Visual Capitalist | Visualizing the $105 Trillion World Economy in One Chart
“By the end of 2023, the world economy is expected to have a gross domestic product (GDP) of $105 trillion, or $5 trillion higher than the year before, according to the latest International Monetary Fund (IMF) projections from its 2023 World Economic Outlook report. In nominal terms, that’s a 5.3% increase in global GDP. In inflation-adjusted terms, that would be a 2.8% increase. The year started with turmoil for the global economy, with financial markets rocked by the collapse of several mid-sized U.S. banks alongside persistent inflation and tightening monetary conditions in most countries. Nevertheless, some economies have proven to be resilient, and are expected to register growth from 2022.”
Investment involves risk, uncertainty and assumptions. The value of investments rise and fall and there is a risk you may not recoup the amount originally invested. Past performance is not a reliable indicator of future performance.
The contents are provided as general in nature and should not be relied upon nor construed to be the rendering of specific tax, legal, accounting or professional investment advice. Readers should consult with their own accountants, lawyers and/or financial advisors for advice on their specific circumstances before taking any action.
The information contained herein is from sources believed to be reliable, but accuracy cannot be guaranteed. No representations or warranty, expressed or implied, is made by Caldwell Investment Management Ltd. or its affiliates.
