Reducing Inflation Will Come at a Great Cost: Stagflation
RAY DALIO https://www.linkedin.com/pulse/reducing-inflation-come-great-cost-stagflation-ray-dalio/?trackingId=Zojm0ew9Q9evzqGxxDySjg%3D%3D ...
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Market Outlook
A Stagflationary Debt Crisis Looms
Jun 29, 2022NOURIEL ROUBINI There is ample reason to worry that major economies like the United States are heading for a recession, accompanied by cascading financial turmoil. Some of the worst elements of both the 1970s and the 2008 crash are now in play, with equity...
Read MoreDon’t Bet on a Soft Landing
PROJECT SYNDICATE May 26, 2022 NOURIEL ROUBINI With “Team Persistent” having clearly prevailed over “Team Transitory” in the debate over the nature of today’s surging inflation, the question now is whether prices can be tamed without also causing a recession. The historical evidence suggests not, leaving...
Read MoreRussia’s War and the Global Economy
Feb 25, 2022NOURIEL ROUBINI It is tempting to think that the war in Ukraine will have only a minor economic and financial impact globally, given that Russia represents merely 3% of the world economy. But policymakers and financial analysts need to avoid such wishful thinking. NEW YORK...
Read MoreThe Big Bounce-Back?
Jan 8, 2021MOHAMED A. EL-ERIAN Following the 2008 financial crisis, many policymakers failed to focus sufficiently on securing robust, inclusive, and sustainable long-term growth. To avoid repeating this mistake in 2021 as the world emerges from the COVID-19 pandemic, governments must act early and decisively in...
Read MoreTime to adjust your fixed-income portfolio
Liquidity has created a “Frankenstein” high-yield market that requires scrutiny By: Mark BurgessSeptember 16, 2020Investment ExecutiveClick on link to read the article https://www.investmentexecutive.com/news/research-and-markets/time-to-adjust-your-fixed-income-portfolio/ ...
Read MoreGrowth versus value: Will the tides change?
Source: Vanguard Perspective September 2, 2020 East versus West, Seabiscuit versus War Admiral, Kansas City- versus Memphis-style barbecue—history, sports, and culture are filled with long-standing rivalries and reversals of fortune. Such ebbs and flows can also apply to the dynamics of investments and specifically those of...
Read MoreA Brave New Bond World
by Eric Jacobson | 2020-09-04 There's a challenge creeping up on bond managers--and by extension fund shareholders--that has thus far been met with the sound of crickets, but it’s a big one. Falling market yields would typically prompt the idea of dramatically shortening a portfolio's duration,...
Read MoreIs the Almighty Dollar Slipping?
Source: Project Syndicate Aug 21, 2020 NOURIEL ROUBINI Far from signaling its imminent demise as the main global reserve currency, the greenback's sharp depreciation is to be expected in the current macroeconomic context. The forces that could erode the dollar's hegemony remain slower-moving and farther off. NEW YORK...
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