Tim Price, Partner & Director of PFP Wealth Management, takes a global view on the debt market and its recent level of growth, and further discusses on the key link between US markets and QE.
Key Points:
Debt load by Country
Recent growth of debt load
US: Markets pricing in record profits forever
US: Can we spot a link? Markets & QE
Price shares the country-wise debt load charts, and highlights that Ireland data remains a shocker, while UK fared worse than Portugal. He further speaks about how the US will not have a problem to service its debt ever. He further shares his view on the USD as a currency.
Watch the video to see Price’s take on the global debt market.
US: Markets pricing in record profits forever
Analysing the profit of US corporate when compared to GDP, Price says that US companies profit share with respect to GDP has never been so high and remains at uncomfortable levels.
US: Can we spot a link? Markets & QE
Money printing/QE is driving the markets, the flipside here is that – if the market will go high, will it require more QE?, according to Price, as he discusses the relationship between the US stock markets and the money printing.
On the rate hike scenario, Price doesn’t expect either the Fed or the Bank of England to start its rate normalization plan this year.
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