The 1960s are remembered for radical social reform, political upheaval and war. Often forgotten is that they were also a time of rising inflation – and in this they may hold disquieting lessons for us today. … [Read more...] about Is the road to inflation taking us back to the 1960s?
Here are two macro themes which we believe will influence markets in 2018. Theme 1. Goldilocks gives way to reflation As 2018 begins, the activity picture remains strong. Business is confident and leading indicators signal robust growth ahead (chart 1). Chart 1: Global activity indicator remains robust We upgraded our global growth forecasts in November, but … [Read more...] about Big Macro Themes for 2018