Prior to the 2008 financial crisis, August used to be considered a quiet month for markets. Against the backdrop of apparent calm, the ECB would seldom hold press conferences, and the Treasury would not hold bond auctions until after the summer holidays.
The latest data collected by experts indicate that the global economy is close to experiencing a recession shock, something unthinkable just a few months ago.
MAPFRE Gestión Patrimonial (MGP), the MAPFRE unit that offers financial investment solutions to its clients to make their savings profitable, is now accelerating its expansion plans.
For a few months, the central banks' main dilemma had been to control inflation without damaging growth; however, experts acknowledge that there is now a third component of similar importance: controlling peripheral debt.
In the field of currency, euro-dollar parity is the topic du jour. However, it is of little importance beyond the psychological and media effect.
After a ~21% decline in the S&P 500 during the first half of 2022, the P/E multiple of the index has declined from 21.2x to ~15.9x (slightly less than the 25-year forward average of 16.9x).
2002. Since Spain's entry into the European Union, 2002 became one of the most important years in the country's modern history as it adopted the euro as the single currency.
The term ‘supply shock’ was coined in the 70s during the oil crisis (1973-1979). It was used to describe any disruption not considered part of the economy’s ordinary behavior. In this case, OPEC decided to increase crude oil prices at the same time as it approved embargoes on the West, resulting in an increase in industrial prices and, as a result, an inflationary environment.
John Maynard Keynes posited in one of his macroeconomic analyses that, in times of economic recession – such as that which some experts are predicting for the coming months – a decision by individuals to increase their level of savings would actually end up resulting in lower disposable income.
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