Guild’s Basic Needs Index
October 13, 2016
Global e-Commerce Adoption Isn’t Slowing — It’s Accelerating, and Has Massive Tailwinds U.S. e-Commerce Share Gains (vs Retail) Source: Bank of America/Merrill Lynch Most investors probably have the impression that e-commerce has moved beyond its initial stages of rapid growth and into a slower and more “mature” growth pattern. However,
October 06, 2016
Healthcare and Global Demand Growth Around the world, rising living standards are driving global demand growth for goods and services. We have often written about the rise of new global middle classes as linchpins of this growth – particularly the nascent middle classes of China and India. The rise of
September 29, 2016
The Case for Emerging-Market Assets We are getting more bullish on EM. We have been bullish on certain emerging-market assets since earlier this year, particularly Brazilian bonds. We viewed them as a reversion-to-the-mean trade as commodity prices stabilized and Brazil found its way to the resolution of its long-running political
September 22, 2016
India’s Masses Get Ready for the Digital Revolution As global investors, we try to position ourselves in front of powerful secular trends — social, economic, and technological changes powerful enough to transform the societies in which they occur and reward the innovators who enable those changes. One of the most
September 15, 2016
Step Aside, Boomers: “Gen Y” and “Gen Z” Will Soon Be Driving the Global Economy With apologies to the Baby Boomers, they like to talk about themselves. We’ve read a lot about the influence Boomers have had on U.S. culture and politics. The present writer sat with a group of
September 08, 2016
EpiPen Pricing: Much Ado About Nothing Drug prices are back in the news, this time focused on the epinephrine auto-injector marketed by Mylan [NASDAQ: MYL] as “EpiPen.” EpiPen is a life-saving product for those at risk of anaphylaxis — a severe allergic reaction which in different individuals can be
September 02, 2016
The Real Source of Wealth A decade ago, the World Bank published a study exploring the wealth of the world’s nations — specifically, trying to tally that wealth and identify where it resides. (Interested readers can find it here.) In typical World Bank fashion, the authors mined dozens of data-sets.
August 26, 2016
Market Summary Pundits Are Wrong Again: Europe Continues to Grow post-Brexit Prior to the Brexit vote, many pundits were pushing the narrative that Brexit fears would create a big decline in business’ expansion plans. They believed that the fear of future economic decline would make businesses want to retrench. It
