November 10, 2021
“Prices paid by U.S. consumers rose from a year earlier by the most since 1990, reflecting broad-based increases and adding to evidence of building inflationary pressures as companies find more success in passing on higher costs. The consumer price index increased 6.2% from October 2020, according to Labor Department data released Wednesday. The CPI rose 0.9% from September, the largest advance in four months. Both advances exceeded all estimates in a Bloomberg survey of economists. ”
Europe:
Merkel Advisers Demand ECB Exit Strategy as Inflation Risks Rise
“Germany’s council of economic advisers urged the European Central Bank to publish a strategy for normalizing its ultra-expansive monetary policy in light of building inflation risks. The four-member group sees inflation in the euro-area’s largest economy averaging 3.1% in 2021 and 2.6% in 2022, and warned that persistent supply-chain logjams and rising fuel prices could turn temporary factors into lasting higher rates of inflation.”
Asia:
Why China’s Real Estate Slowdown Isn’t Like Japan’s
“As China struggles with its most severe real-estate slowdown in years, some have been asking whether the end of Japan’s real-estate bubble in the early 1990s offers a guide. But such comparisons are less helpful than they might appear, according to new research from Bloomberg Economics. Japanese real-estate price growth in the 1980s was far in excess of the growth in gross domestic product, while in China the opposite has been true over the past 10 years, according to Yuki Masujima of Bloomberg Economics.”
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
