Secular shift to higher inflation regime
The guests argued a secular change from globalization to deglobalization, combined with structural labor and capacity issues, is creating a persistent inflationary environment of 3-3.5%.
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The Callback
Structural shifts reduce US economic recession frequency
38 weeks between these two statements.
The guest argued that the political and economic path ahead is one of financial repression, leading to sustained inflation in the 4-5% range, eroding wealth unless action is taken.
The guests argued a secular change from globalization to deglobalization, combined with structural labor and capacity issues, is creating a persistent inflationary environment of 3-3.5%.