China officials have also pledged to implement larger-scale tax cuts, introduce consumer spending incentives for cars and home appliances as well as accelerate the roll-out of infrastructure projects such as 5G technology and industrial internet.
- Justice for Hedgehogs.
- Ividi in terrangelici costumi - Score;
- #AusVotes The only certainty is a cranky and mistrustful electorate.
- Office Romance: Letting Love Flourish In The Workplace.
- The Mental Makeover: Kick Your Buts Goodbye!?
It needs to be said that even though a lot of scrutiny has been placed on its moderating headline growth, the country is actually coming off a very high base. Another positive catalyst for the market in is the lowering of US rate hike expectations. While the latest December dot plot still belongs to the camp of the hawks US policy makers foreseeing two hikes in and another in , recent comments from the Fed suggest that a more dovish stance could soon be on the cards. Add in the mix a slower balance sheet normalisation process and the market could soon be seeing a weakening greenback. This would ease the pressure on many Emerging Market currencies and, subsequently, their economies.
- IGMS Magazine.
- Sole Survivor (J. Carter & Associates Book 1).
- Certainty is a closed door.
- Lights, Camera...Travel! (Lonely Planet Travel Literature)?
- American Grandmaster: Four Decades of Chess Adventures?
- The Voyage Out (Oxford Worlds Classics);
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In addition, market corrections in meant the forward PE ratios of several key regional equity indices are close their historical lows. Attractive buy-on-the-dip opportunities are materialising although investors will have to be willing to brave a volatile market backdrop. If anything is certain, it is that markets are definitely going to be volatile in Disclaimer: The views expressed are the views of Value Partners Hong Kong Limited only and are subject to change based on market and other conditions.
The information provided does not constitute investment advice and it should not be relied on as such. All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed.
The only certainty is uncertainty
This material contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. We have been practicing disciplined value investing in Asia for the past 25 years.
Share to facebook Share to twitter Share to linkedin. Investors are poised for a bumpy ride in Weak earnings Value Partners. Attractive valuations Value Partners.
When Uncertainty Is The Only Certainty
When Howard sought to move beyond the informal compact with voters he established in by introducing radical industrial relations reform via WorkChoices , he was promptly despatched. Another way of classifying elections might be to divide them between contests in which the parties seem to be offering distinct alternatives, and those in which they converge even as they rip each other apart in an attempt to manufacture difference.
This is a fuzzy distinction that often requires a closer knowledge of policy than most voters possess. That process of convergence is easy enough to observe at this election. Keane has a point, of course, but there are also policy differences: on taxation, on negative gearing, and on franking credits for retirees. The Labor Party is worrying over intergenerational inequality, and issues such as housing affordability and wages, in the ways the Coalition is not.
And there are significant differences over energy and the environment.
The point here is that the times have changed since the heyday of neoliberalism under Hawke, Keating and Howard. Voters have made it clear they want governments to do something about inequality, and they are unable to accept that the operations of the market and the interests of the public amount to the same thing.
But in another sense, it seems to me to be true; the GFC has now caught up with us. That was not the case while the China boom continued, and while enough people believed the mining lobby when it told them any government proposing to kill the goose that laid the iron-ore egg was unfit for office.
A temporary rise in commodity prices has provided the basis of a spending free-for-all in which both government and opposition have joined, each aimed at buying an election victory. In line with global developments, for the foreseeable future we are likely to experience lower rates of economic growth than those to which we have been accustomed.
The Only Certainty in Life is Uncertainty - Jo Emerson
Australian voters are also now much more preoccupied with how the neoliberal consensus of the s and early s, whatever it has achieved in the past, now works against their interests. They are concerned about their flat wages and rising cost of living. They demand that governments make the wealthy contribute a fair share to meeting the tax burden. They are impatient with what they see as the greed and amorality of big business and big government. And they are less tolerant than a generation ago of rising inequality. But above all, they really dislike politicians.