This is the second column in my “New Regular” series (“normal” checked out in February). The focus is on how familiar, pre-pandemic customer relationships are likely to morph into less familiar ...

I believe we face a major macro shift: a "higher for longer" inflation and interest rate era, redefining the economic and market landscape. This new regime targets around 4% inflation and strong ...

Current data, alongside several longstanding global shifts, reveal that the global economy is transitioning. The global economy may be shifting from a low inflationary paradigm driven by ...

Jeremy Grantham put out a great quarterly letter about the scarcity of commodities and the marked rise of commodity prices, calling this “the mother of all paradigm shifts”. Two interesting points in ...

I don’t do many evening events anymore, but last week I attended a dinner where the host put an interesting question: Is the Inflation Reduction Act (IRA) a one-off event or does it represent a ...