Frances Donald: The Yield Curve Signals A Huge Warning
The Macro Trading Floor
On today’s episode of “The Macro Trading Floor,” Andreas and Alfonso welcome Frances Donald Global Chief Economist & Strategist at Manulife Investment Management. Walking through the most important macro factor right now, inflation, Frances shares how every central bankers worst nightmare is manifesting itself in markets.Sharing her outlook on inflation and the bond market, Frances sees a scenario where the flattening yield curve will lead to another inversion across 2's 10's & 5's 30's. Could a new regime of secular stagflation be upon us? Frances then shares her actionable trade idea, but to hear that, you'll have to tune in!-- Follow Frances: https://twitter.com/francesdonaldFollow Andreas: https://twitter.com/AndreasSteno Follow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Subscribe To Stenos Signals: https://andreassteno.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--Referenced In The Show: Fed Likely to Consider 0.75-Percentage-Point Rate Rise This Week: https://www.wsj.com/articles/bad-inflation-reports-raise-odds-of-surprise-0-75-percentage-point-rate-rise-this-week-11655147927ECB to design new bond-buying plan to tackle market turmoil: https://www.ft.com/content/c519e5d5-f4c3-4554-9484-ddca75cf9bf3?sharetype=giftStop Fooling Around, J-Pow: https://themacrocompass.substack.com/p/bad-cop-good-cop#details--Timestamps: (00:00) Introduction (00:59) Top Stories Of The Week(07:41) Take Of The Week(14:33) Feature Interview With Frances Donald(16:03) FOMC Meeting(22:38) Inflation(27:21) The Neutral Rate(30:55) The Yield Curve(35:59) Frances' Actionable Trade Idea(39:27) Quantitative Tightening(42:42) Post Interview: Final Thoughts--Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail and the Ontario Real Estate Association.We're back with the pod's favourite economist: Frances Donald! Ms. Donald is Managing Director, Global Chief Economist, and Global Head of Macroeconomic Strategy at Manulife Investment. We're going to discuss the Canadian economy, the global economy, central banks, and Pierre Poilievre's favourite topic: inflation. Thank you for joining us on #TheHerleBurly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, Stitcher, Google Podcasts or your favourite podcast app.Watch conversations from The Herle Burly on YouTube.
The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail.Alright, it’s time for another Herle Burly 2-part pod!Part 1 is the return of one of our most listened-to pod guests, Frances Donald! If you’ll recall Ms. Donald is Managing Director, Global Chief Economist, and Global Head of Macroeconomic Strategy at Manulife Investment. And we are going to talk about ... what else? The Budget. Did we all forget about the budget, already? Where’s it going to take us in this next year? Are there longer-term growth elements in the budget? What’s the potential for rising inflation and rising interest rates?Part 2 of the podcast is the ever-insightful, consistently profane, mostly hilarious, Political Panel with strategists and comms gurus Jenni Byrne and Scott Reid. We are going to talk about the devastating Residential School tragedy in B.C. Then, it’s the latest Leger numbers in Ontario – showing Ford at 34, the liberals at 26 and the NDP at 25. Are these numbers real? Will Amos is stepping aside and officially seeking professional help for peeing in a cup on camera. Then, it’s Carney vs. Poilievre. Plus, we’ll throw our “HEY YOUs!” out into the digital ether!Thank you for joining us on The Herle Burly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, Stitcher, Google Podcasts or your favourite podcast app.Watch conversations from The Herle Burly on YouTube.
Forget bubbles, Canada has a housing affordability crisis: Frances Donald
Down to Business
High home prices and child care costs hurt Canada more than people think, economically hampering our next generation of workers and spenders, warns Manulife's chief economist. Learn more about your ad choices. Visit megaphone.fm/adchoices
Frances Donald + the Political Panel with Jenni and Scott
The Herle Burly
It’s another Herle Burly 2-part pod for you today.For Part 1, we have Frances Donald in the Zoom box. Ms. Donald is Managing Director, Global Chief Economist and Global Head of Macroeconomic Strategy at Manulife Investment Management. In 2019 at 33 years of age, she became the youngest Chief Economist in Canada. And one of only two women to hold that title in this country. Among other things, we’re going to talk about the budget ... what is the right budget for Canada, right now? And what can we afford?Part 2 of the podcast is the Political Panel with our comms and campaign gurus, Jenni Byrne and Scott Reid. We’re going to talk about:Erin O’Toole’s response to Liberal claims that he’s some kind of far-right Canadian Trump Monster.Yves Blanchet’s drive-by smearing of Omar Alghabra.With the Inauguration down south Scott and Jenni and I will discuss transition of power – Chretien to Martin to Harper to Trudeau – and we’ll tell some of those stories.And finally, it’s the end of KeyStone XL.Plus, #HEYYOU!Thank you for joining us on The Herle Burly podcast. Please take a moment to give us a rating and review on iTunes, Spotify, Stitcher, Google Podcasts or your favourite podcast app.Watch conversations from The Herle Burly on YouTube.The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail.
Trades That Work No Matter What (guest: Frances Donald)
The Market Huddle
In episode #106, Patrick Ceresna and Kevin Muir welcome Frances Donald, the Global Chief Economist and head of the Macro Strategy at Manulife Investment Management. They have a terrific discussion on the ramifications of the recent Mnuchin treasury headlines, impact of COVID on the economy and what this means for your portfolio.
In this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Frances Donald, Global Chief Economist at Manulife Investment Management. They discuss Frances’ role and how she got her start in economics, her three-phased approach to navigating the COVID-19 pandemic along with modern monetary theory and the sustainability of credit spreads.
Ep.26: ABCs of Economic Recovery with Frances Donald
Policy Speaking with Edward Greenspon
Perhaps a middle ground can open up between unrestrained spending and unreasonable restrain for Canada's COVID-19 recovery, says Frances Donald, Global Chief Economist & Head of Macroeconomic Strategy at Manulife. She and host Edward Greenspon bring nuance to the popular discourse in economics around how a recovery could & should look for your favourite local businesses, in Canada's industries and in global markets. Plus historian J.D.M. Stewart joins us for a special chat. You don't want to miss this! -- Music: Raro Bueno by Chuzausen under a creative commons license
Stock market bonanza due for ‘interruption’ of 5% to 10% (Manulife chief economist Frances Donald)
Down to Business
The stock market is on fire this year even as economic indicators remain on the shaky side. Exuberance on one hand, skepticism on the other. Manulife chief economist Frances Donald talks to host Emily Jackson about how she sees the year unfolding for the markets and economy Learn more about your ad choices. Visit megaphone.fm/adchoices