In May 2020, when I was still locked down, I wrote a Newsletter where I tried to imagine what the post COVID world economy was likely to look like.
The pandemic, which started after we published our forecasts last year, muddled the waters to the point where even when we turned out to be right, we were right for the wrong reasons. In any event, here’s how things worked out.
On November 15th, 2020, 10 members of the Association of Southeast Asian Nations plus China, Australia, New Zealand, South Korea, and Japan, signed the Regional Comprehensive Economic Partnership (RCEP).
In the September Newsletter we looked at the dollar as investors and concluded that it would rise in the short term but decline in the medium-term. In this Newsletter we will deal with a more long-term theme that might strengthen the traditionally inverse relationship between the yellow metal and the greenback.
At a time when ethical or impact investing is becoming increasingly fashionable, we are proud to introduce you to an investment vehicle which acts directly on the real economy to realise, without compromises, the imperatives of impact financing.
The last time we dealt with the US dollar was in our July 2019 Newsletter. At that time, the trade war with China was already well advanced and, to make sure Europe did not feel left out, President Trump started to lambast Europe for manipulating the Euro lower.