Credit Cycles, Political Chaos - Updates: NFI, SIA, CSH, BPY, Preferred Shares
This is only a sample of the article, please login to view the entire article
The 2018 year end outlook is clouded by a market correction. The latest US presidential critique claims it is all the fault of US monetary policy and interest rates under US Federal Reserve Chairman Jerome Powell. One year ago the big Trump tax cuts were the fiscal policy tax gift to the US and the sky was the limit for markets. One year from now seems a long ways away; one constant can be the steady dividends from investments that pay income.
Credit expansion or contraction is largely controlled by the level of interest rates and money supply. On their own this can have significant impact on economic growth and political careers. With little room for error on monetary policy, as is currently the situation, adding a volatile political agenda further reduces visibility that markets crave. The combination of changes to credit conditions and constant political upheavals is wreaking havoc on financial markets. These are two powerful forces acting as a downwards force on markets. This state of affairs has come on quickly, comments this week explore the causes, possible outcomes and how income focused investors can weather the storm.
Earnings updates include NFI Group(NFI), Sienna Senior Living Inc.(SIA), Chartwell Retirement Residences(CHS.UN) and Brookfield Property Partners LP.(BPY.UN).
You must be a member to view the entire article, please subscribe or login