New business models in banking bring new credit risks
Vanguard's credit team weighs the effects of lower-for-longer rates, sees most value in U.S. and Australian banks.
A midyear update on our economic and market outlook
Vanguard's mid-2021 update on the economy and markets looks at how differences in vaccination rates and varied levels of fiscal support are likely to produce uneven economic growth.
Vanguard economic and market update - June 2021
The economic recovery is expected to continue through the second half of 2021, underpinned by rising vaccination rates and the rebound in consumption as restrictions are lifted.
The deglobalization myth(s)
A Megatrends examination of global trade growth concludes that it will slow but not decline.
Vanguard's framework for constructing globally diversified portfolios
Assessing green bond opportunities
Value versus growth stocks: The coming reversal of fortunes
For now, policy remains a tailwind
Vanguard economic and market update - May 2021
GDP across key economies remains uneven. The United States, Chineseand Australian economies all grew over the first quarter, while the euro regionand the United Kingdom recorded declines.
Why rises in bond yields should only be modest
Vanguard expects rises in bond yields to be modest as central banks unwind loose monetary policy in coming years.
Why U.S. value stocks are poised to outperform growth
In a reversal from the past ten years, we expect value stocks to outperform growth stocks over the next decade.
The coming rise(s) in inflation
'Base effects' and a stimulated U.S. economy are about to push inflation higher than we've seen in recent years.
Vanguard economic and market update - April 2021
Economic growth levels across most developed countries and emerging marketsare continuing to improve, supported by major fiscal stimulus programs and the rolloutof COVID-19 vaccinations.
Rising rates don't negate benefits of bonds
Roger Aliaga-Diaz, Vanguard's chief economist, Americas, and head of portfolio construction, explains why investors should maintain their bond positions even in an environment of rising interest rates.
BBBs in a post-COVID economy
Vanguard's credit team anticipates a decline in corporate leverage from the recent COVID-19 highs, and that the worst in terms of credit deterioration is likely behind us.
Vanguard economic and market update - March 2021
Economic growth levels across most developed countries are increasing, supportedby major fiscal stimulus programs and the ongoing rollout of COVID-19 vaccinations.
Digital currencies and investment portfolios
Roger Aliaga-Diaz, Chief Economist, Americas, and Head of Portfolio Construction at Vanguard, explains why investors should understand the risks of investing in cryptocurrencies.
Now playing: China's policy normalization challenge
China is the first major economy to fully recover from the COVID-19 pandemic. How policymakers balance near-term and medium-term financial stability is a challenge for global policymakers as well.
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