Is Stagflation Coming?

Is Stagflation Coming?

Lost in the debate over whether today’s ultra-loose fiscal and monetary policies will trigger painful inflation is the broader risk posed by potential negative supply shocks. From trade wars and de-globalization to aging populations and populist politics, there...
The COVID Bubble

The COVID Bubble

With equity markets reaching new heights at a time of rising income and wealth inequality, it should be obvious that today’s market mania will end in tears, reproducing the economic injustices of the 2008 crash. For all of the talk of supporting households, it...