5min chapter

Odd Lots cover image

Viktor Shvets Declares Victory for Team Transitory and the Soft Landing

Odd Lots

CHAPTER

Is De-Globalization Inflationary?

De-globalization will not be inflationary this time around, he says. Labor is no longer as critical of arbitrage as it was 20 or 30 years ago. In emerging markets wages have increased faster than productivity. Services are very different dynamics to merchandise trade and they're much less inflationary. The other area is ESG, particularly the E part of ESG.

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