1/12/2022 Retirement Pension funds: reorienting asset allocation in an inflation-... After a prolonged era of cheap money and double-digit returns, the sharp spike in inflation to its 40-year high in 2022 was a game changer.
9/06/2022 Economy & Markets The embarrassing legacy of financial capitalism: implication... Understanding how the legacies of the 'old economy' paved the way for a new macro-financial regime today, and implications for investors.
2/06/2022 Economy & Markets The myth of the fiscal free lunch: beware of the trap. An in... 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.
18/01/2022 Economy & Markets Money and its velocity matter: the great comeback of the qua... Understanding the linkage between money velocity, psychology of inflation in the regime shift, and consequence for investors.
2/12/2021 Retirement DB plans in their End Game in the post-pandemic era An inopportune toxic confluence of three unrelated forces has badly undermined the finances of employer-sponsored defined benefit pension plans, in which...
30/04/2019 Economy & Markets Is inflation definitely dead or simply dormant? Consequences... In history, there have been periods when it was dormant, but revivals have always been painful. What is striking at present is the inability of some countries...