A trader is seen at work on the New York Stock Exchange on June 1. Stock markets have been doing a poor job in directing savings into long-term investment. Photo: New York Stock Exchange via AP
A trader is seen at work on the New York Stock Exchange on June 1. Stock markets have been doing a poor job in directing savings into long-term investment. Photo: New York Stock Exchange via AP
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Why we’ve not seen the end of stock market corrections or inflation

  • While investors flock to the tech sector, the persistent underinvestment in the real economy, such as commodities-related infrastructure, is now pushing up prices
  • At the same time, the factors driving the bull market – robust economic growth, rising corporate profits and buoyant financial liquidity – are no longer in play

A trader is seen at work on the New York Stock Exchange on June 1. Stock markets have been doing a poor job in directing savings into long-term investment. Photo: New York Stock Exchange via AP
A trader is seen at work on the New York Stock Exchange on June 1. Stock markets have been doing a poor job in directing savings into long-term investment. Photo: New York Stock Exchange via AP
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