Economic Insights: Featured audio commentary from Jim Allworth and Eric Lascelles

Apr 07, 2020 | Elinesky Schuett Private Wealth Management


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Listen to the latest economic commentary featuring Jim Allworth and Eric Lascelles.

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The path to recovery remains uncertain: An update with Jim Allworth

Mark Bayko and Jim Allworth, both members of the firm’s Global Portfolio Advisory Committee, provide an update on the outlook. Despite the view that significant uncertainty remains near-term with respect to the path towards economic recovery, they continue to believe the longer-term drivers of earnings and cash flows for successful businesses remain intact.

Here is the link if you are interested in listening to this audio commentary: Audio File
approximately 14-minute duration).

 

Health crisis, yes; debt crisis, no: 10-Minute Take with Eric Lascelles

The explosion of fiscal spending plans in recent weeks will lead to more public debt than many thought imaginable just a few weeks ago. The U.S. government will need to borrow $2 to $4 trillion just to get through the crisis. Western Europe perhaps the same. Canada could add another third to public debt levels. But there’s no reason we can’t slowly grow our way out of the debt hole, especially if interest rates remain low. Eric Lascelles, Chief Economist for RBC Global Asset Management, explains how the debt burden of COVID-19 can be managed.

 

This podcast has also bee added to the series posted on our website, 10-Minute Take

 

If you have any questions, please don’t hesitate to contact us at
519-822-2024 or elineskyschuett@rbc.com.