The forces that drove rates, inflation, and growth lower for the last four decades remain as strong as ever, but there is hope for change.
Current markets alternate between worries about supply-chain bottlenecks that will fuel inflation and fresh COVID variants that undermine recovery. But the far more important questions are, what comes after the pandemic and what might shake off 40 years of ever-lower growth and interest rates? There is a sea change underway in fiscal and monetary policy that just might deliver higher and more durable growth.
You can now read the full whitepaper at the link below
