The discussion delves into shifting inflation dynamics, highlighting a significant drop in U.S. inflation rates and the risks of future volatility. It contrasts the historical 'Golden Era' of stability with today's challenges from geopolitical tensions. The conversation further explores how deglobalization is impacting inflation trends, indicating a potential rise in market volatility. Listeners are encouraged to adapt their investment strategies, particularly considering opportunities in Treasury Inflation-Protected Securities.
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insights INSIGHT
Low Inflation Anomaly
The era of low inflation from the 1990s to mid-2010s (2.4% average) was an anomaly.
Historically, inflation has averaged higher (3.6% before 1990s, 3.4% since 2016).
insights INSIGHT
Peace Dividend
Global peace and rising international cooperation fostered economic growth and stabilized prices.
This 'peace dividend' contributed to the low inflation period from the 1990s to mid-2010s.
insights INSIGHT
China's WTO Impact
China's entry into the WTO led to goods disinflation in the U.S.
This, combined with higher services inflation, kept overall U.S. inflation low.
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We discuss long-term inflation trends, and the outlook for a potentially more volatile path ahead.
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