China’s economy is pretty stable – but what about high debt levels and other risks?

China’s economy is pretty stable – but what about high debt levels and other risks? Introduction It seems there is constant hand wringing about the risks around the Chinese economy with the common concerns being around unbalanced growth, debt, the property market, the exchange rate and capital flows and a “hard landing”. This angst is understandable to some degree. Rapid growth as China has seen brings questions about its sustainability. And China is now the …

Italy is a worry – but 3 reasons not to be concerned about an Itexit

Italy is a worry – but 3 reasons not to be concerned about an Itexit Key points A populist coalition government in Italy is negative for Italian assets. Lingering uncertainty about a push for Italy to exit the Euro is likely a negative for the Euro too, though an Itexit and a Euro break up remain unlikely. Eurozone shares are likely to be relative outperformers globally thanks to more attractive valuations than the US, easier …