One of the main luxuries of emerging middle class in developing countries is the ownership of an automobile. Auto penetration rate is very low in emerging countries of China and India relative to the developed world as shown in the chart below: Click to enlarge Source: CPD: All aboard the new Silk Road, Adviser Voice …
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The U.S. economy’s current expansion is one of the longest in the history. The ongoing expansion phase started all the way back in 2009 and is projected to run middle of 2019. The chart below shows US expansions since 1854: Source: Global Market Perspective, Economic and Asset Allocation Views, Q2 2018, Schroders
Valuations remain elevated for US stocks. For instance, the S&P 500’s forward P/E rose above 20 going into 2018. Since then volatile and declining stock prices have pushed the ratio down to below 17. The chart below shows the S&P 500 Forward P/E Ratio since April of 2006: Click to enlarge Source: Focus on Fundamentals, Legg …
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China used to be known as the “factory floor” of the world a few years ago as the country’s manufacturing industry was attractive to companies from the developed world due to cheap labor costs. However that is no longer the case. Wages in China have been steadily increasing making some manufacturers look for alternative cheaper …
Continue reading ‘Monthly Salary in Manufacturing Sector of Select Asian Countries’ »
Australian and US equity real total returns have tracked each other since the 1900 as shown in the chart below: Click to enlarge Source: Philo Capital