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"Investors right to see through the gloom to economic upturn" - FT article ft. Longview Economics

01 December 2020

It is richly paradoxical. Both the S&P 500 and the Dow Jones Industrial Average indices hit record levels earlier this week. At the same time, the US economy is struggling to recover, the jobs market is weak and both the public and private sectors are racking up record levels of debt thanks to a devastating pandemic...

...Chris Watling of Longview Economics points out that the US corporate sector generated spare free cash flow in the second quarter of this year despite the economic downturn, which typically marks the start of new economic cycles. Households around the world, he adds, have considerable levels of excess savings, amounting to 7.5 to 10 per cent of gross domestic product — enough to spark high levels of potential spending and economic stimulus.

For the full FT article, please see HERE...

Topics: Press coverage