We're at a Big Macro Turning Point
Real Vision: Finance & Investing
00:00
The Key Features of the New Regime and Market Framework
We've been living in this sort of artificial fake business cycle. I think we're looking at a world where that 2% becomes a flaw or maybe even 3% is the flaw. The whole bias of policy now shifts because instead of always trying to get inflation higher, you've got central banks always trying to restrain it. That completely changes the relationship between central banks and financial markets. We're going to have to worry about de-globalization as a supply shock if we do nothing on climate change.
Play episode from 09:02
Transcript
