Global Macro Views
Authors & Contributors
BNY Mellon Asset Management North America - Global Macro Forum
Putting an object into Earth’s orbit is more complicated than aiming the pointy end of the rocket up and hoping. A projectile has to get high and fast enough to fall on a trajectory that matches the curvature of the planet’s surface, continually falling but never crashing. And it is important to find a free spot, as there are about 21,000 objects in orbit larger than 4 inches in size. In spring, advanced economies appeared to have found the right trajectories in macroeconomic space, expanding along parallel paths that promised to limit cyclical and market strains among them.
On January 31, 2018, The Boston Company and Standish merged into Mellon Capital to form a combined entity, BNY Mellon Asset Management North America Corporation. Effective January 2, 2019, this entity was renamed Mellon Investments Corporation.