The only way to tackle the new inflationary regime is a credible and abrupt change in the approach to policy: but this seems unlikely to happen.

Central banks will be aggressive in the short term as they try to re-establish credibility, with the European Central Bank a case in point.

Understanding how the legacies of the 'old economy' paved the way for a new macro-financial regime today, and implications for investors.

Understanding how the misallocation of capital in the last macro-financial regime laid the foundations for the prospect of stagflation today.

Understanding why the idea of the fiscal 'free lunch' is an illusion while global debt remains at record highs, and moving into a more fragmented world.

Understanding why the idea of the fiscal 'free lunch' is an illusion while global debt remains at record highs, and moving into a more fragmented world.

Our analysis suggests that narratives complement traditional macro variables when it comes to explaining financial market behaviour.

Interpretation on the view that the Fed is "behind the curve" from Fed official and investment implications associated with the statement.

The presentation provides insights into how the current war/energy crisis is exacerbating the already high inflation. The material also details what strategies...

Understanding the dynamics of inflation and how the psychology of inflation can make it more permanent than expected

In this piece we address the impact of de-globalization on investors, and in particular the road back to the benefits of international diversification.

We expect inflation to trend higher across emerging and developed markets and growth to be lower than initially expected, with higher risks for Europe...

There are multiple scenarios for the continuation of the crisis. What is certain is that volatility will persist and real interest rates will remain in...

Understanding the long-term implications of the Russian-Ukraine conflict in the regime shift in course.

Understanding our key convictions and portfolio implications on inflation trends ahead