For my long time clients and the converted, this message is more of the same – but for those new to investing, this message needs repeating. The Financial Press is not your friend – its interest is not to make you a better investor – but to keep you reading and being concerned. The financial blogger Ben Carlson posted a great article of all the latest and historical headlines you might have seen. We know that all of the historical headlines were pretty much wrong – we can only assume what the current headlines will be.
Over the next few decades North America will see the greatest transfer of wealth it has ever experienced. Governments are requiring involved reporting of assets and placing the liability of the estate asset documentation and transfer onto the executor.
The International Monetary Fund (IMF), after years of making then later in the year decreasing their economic growth forecasts recently raised its forecast for growth to 3.6% this year and 3.7% next year. This is a significant increase to the 3.2% global growth we experienced in 2016.
We’ve been reporting this year that along with the increased pace of global growth, all of the major economies are growing in sync (although at different rates) for the first time since the Great Recession of 2008-2009.
This is of course good news, but in addition, this accelerated growth is happening very late in this current market recovery – exactly when the naysayers are suggesting it’s high time for growth to be slowing. Also interesting is this increased growth rate is happening without (as of yet) increased inflation or significant increases in interest rates.