World economy

Global oil demand continues to grow at a rapid pace

Geopolitics Could De-Anchor Long Dated Oil

Near-dated crude oil prices have rallied on robust demand and falling inventories, but long-dated prices have not moved. BoAML’s analysts see close to 1.5 mn b/d of output oil facing some risk of disruption, primarily across Venezuela, Iran, and Libya.




Equity buybacks began around three decades ago

Why Investors And Companies Like Buybacks

Stock repurchases by corporates have by far been the most dominant source of demand for American equites in the current bull market. According to figures of AXA IM, equity buybacks since the global financial crisis, for S&P 500 companies, have totalled more than US$3.5tn, continuing a phenomenon that began around three decades ago.


China_debt

Debt as the current biggest economic threat

The biggest economic threat today is not the interest rate, nor the exchange rates, nor the possible trade war fuelled by Trump: it’s the debt accumulated by countries across the world. This has increased 12% of GDP since the crisis, totalling 225% of global GDP. Starting with China, followed by Europe and ending up with the US, the threat from the current and future debt is terrifying.