Rebecca Patterson, Bridgewater’s director of investment research, says MP3 is the new backdrop that will influence all outcomes in 2021 with the medium term characterised by low interest rates and the possibility of higher inflation.
PGIM’s chief economist and head of global macroeconomic research, Nathan Sheets, outlines what Biden’s priorities will be and how his key appointees will lead their departments. He also explains why he believes inflation will remain low and that investors will increasingly move into risk assets.
Asset owners from 23 countries are reacting differently to inflation expectations, with almost half already hedging their portfolios but 20 per cent consider inflation is unlikely.
Joe Biden has come to the presidency with all the ingredients for success however there are a number of sweeping global trends underway that will continue whoever is in the White House. Professor Stephen Kotkin examines these trends and looks at where there may be geopolitical risk under a Biden presidency.
It will take at least an additional two years from now to eradicate the COVID-19 health pandemic despite various coronavirus vaccines being rolled out warned health experts at the FIS Digital 2020. Dr Ian Norton, former global head of WHO’s Emergency Medical Team Initiative, said a long road to normal still lies ahead.
Black Swan has become a cliché for any bad thing that surprises us. But the onset of COVID-19 was not a Black Swan according to the academic who invented the term and laments its misuse. So why does the finance industry continue to be ignorant or unable to look beyond traditional finance models in assessing global risks?
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