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Thoughtful Money with Adam Taggart
'Vast Majority' Of Investors Unprepared For Coming Higher Levels Of Inflation & Risk | Bob Elliott
Feb 20, 2024
Former Investment Committee member at Bridgewater Associates, Bob Elliott, discusses the impact of peak globalization on economies and asset prices, emphasizing potential shifts towards less globalization and reshoring post-COVID. The podcast explores the implications of policy changes, demographic shifts, and the benefits of onshoring production. Elliott also shares insights on non-monetary investments and highlights the health benefits of walking.
01:07:03
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Quick takeaways
- Globalization is deteriorating, potentially leading to inflation and commodity price pressures.
- Strategic portfolios should prepare for a different environment with persistent inflation and higher risks.
Deep dives
The Shift to Deteriorating Globalization
The podcast discusses the shift towards a deteriorating globalization world, which could lead to higher inflation and pressure on commodity prices. The speaker emphasizes that this is an interesting story from a strategic perspective, as many investors are unprepared for this change. The current economic cycle is income-oriented rather than fueled by asset prices or credit. This income-driven cycle has been longer and stronger than expected, with the economy looking stronger than anticipated. However, despite some countries experiencing slowdowns, the overall economic conditions are expanding relative to their potential. The speaker highlights the importance of considering the holistic picture rather than focusing on specific data points.
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