BCA doubled-down on its recession call for 2025, previously predicting that US stocks could drop by as much as 26% this year.
Aging populations, as Japan taught us, are inherently deflationary. Folks in their 70s don’t spend the way 20-somethings do.
There's more bad news for the chancellor to digest on her trade mission to China as financial market moves continue to weigh on her stewardship of the economy.
The strongest currencies come from nations with significant access to natural resources, a strong balance of trade, and political stability.