Journal to portfolio afterlife

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China, in keeping with its zero-tolerance policy amid recent Covid-19 outbreaks, has effectively neutered Shanghai, not only a city of 25 million people but also the world’s largest seaport for container traffic.
It has also enforced full or partial lockdowns in some 23 cities affecting more than a fifth of the Chinese economy, according to one estimate.
So, from a trade perspective, it’s not just Shanghai since China is home to seven of the world’s top 10 busiest seaports for container traffic. Names well-known to the global shipping community — Ningbo, Shenzhen, Qingdao, Tianjin.
Add on the Russian war on Ukraine and the heightened inspections along the Texas-Mexico border and Mexican trucker blockade, and, well, we all know what this means: More shortages. The potential for greater inflation, already at a four-decade high.

China Covid Lockdown: Here Are New Shortages You Might See Soon

Almost 80% of all U.S. imported cell phones come from China, almost 81% in a broad children’s toy category, more than 78% of video game consoles, and 85% of computer monitors.

www.forbes.com

 

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Surging food and energy prices, the result of wartime disruption to commodity markets, have dealt a heavy blow to an economy that was already mismanaged, and brought even erstwhile government supporters onto the streets in protest. Sri Lanka may not be the only country to run aground in the hazardous conditions prevailing in the global economy.
Rising inflation and higher interest rates are painful everywhere, but the stakes are particularly high in poor and middle-income countries. Food prices, which are up by nearly 20% this year, make up a greater share of consumer spending. Inflation is more likely to spiral out of control.

Sri Lanka’s default could be the first of many

Soaring commodity prices and higher interest rates imperil the finances of many poor countries

www.economist.com

 

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Non c'è energia per tutti, non a certi prezzi...

 

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Tempi grami aspettano i più poveri del pianeta ... un pensiero per loro nel giorno di Pasqua.

 

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https://twitter.com/x/status/1515268172458467328

 

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https://twitter.com/x/status/1514241744350507013

 

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https://twitter.com/x/status/1510615804416454657

 

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Si riaffermano allora i tre driver (pensione contributiva di garanzia per i giovani, flessibilità in uscita, rilancio della previdenza complementare) del confronto in corso tra governo e sindacati che dopo un momentaneo stop dovuto alla guerra, sembra ripartire nell’ambito di un tavolo più ampio sugli effetti economici della guerra con i necessari provvedimenti da adottare, con un incontro di kick off con il presidente del consiglio avvenuto lo scorso 7 aprile con l’obiettivo di tendere ad un nuovo patto sociale per il Paese.

Ennesima riforma pensionistica all'orizzonte, mentre l'inflazione erode le future pensioni.

Un mix esplosivo

di Carlo Giuro Nella premessa del Documento di Economia e Finanza (Def) a firma del ministro dell'Economia Daniele Franco è stata introdotta una

www.assinews.it

Il tfr batte i fondi pensione

Paola Valentini Inflazione alle stelle e borse in calo. Una congiunzione decisamente poco favorevole si è abbattuta sui mercati nel primo trimestre di

www.assinews.it

Sarà interessante vedere il grafico di intinerari previdenziali nei prossimi anni.

https://www.itinerariprevidenziali.it/site/home/biblioteca/pubblicazioni/documento32056731.html

 

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Conclusion
Life-cycle theory suggests that workers accumulate assets during their working lives and spend those assets during
retirement. Most retirement models and much of the advice provided to retirees are based on this assumption. While
there is enough evidence that workers accumulate assets during their working years, there is much less evidence to
show that retirees systematically spend down their accumulated assets during retirement. Do retirees want to spend
down their assets or do they simply want to hold on to their assets as a financial cushion?
This EBRI study shows that the majority of retirees do not spend down their assets in the first two decades of their
retirement. This behavior is not limited to those with lower levels assets. In fact, those with the highest level of assets
show the lowest rates of spending down.
Also, having guaranteed income for life, such as a pension, doesn’t make retirees more likely to spend down their
assets either. To the contrary, of all the subgroups studied, pensioners have the lowest asset spend-down rates. This
suggests that if the goal is to avoid spending down assets, pensioners are best suited to do so. In other words, if
retirees seek to limit their spending to their regular flow of income (such as pension, Social Security income, or other
annuity income), then pensioners are indeed best suited to avoid asset decumulation, as they have more regular
income than others.
When household income of retirees is compared to household spending, the study finds that majority of households
indeed limit their spending to their income.
If retirees are determined to preserve their assets and not to spend them down, this creates important implications--
ranging from the type of retirement products offered to how retirement preparedness is assessed. However, if such
drawdown patterns are the consequence of behavioral biases (e.g., inability to switch from accumulation to
decumulation mode) or lack of education on how to spend down retirement savings, this has quite different implications
when it comes to necessary tools and support for retirees as they seek to manage their assets in retirement.

https://www.aspeninstitute.org/wp-content/uploads/2019/04/ebri_ib_447_assetpreservation-3apr18.pdf

 

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