Consumer prices rose in 2019 at the fastest pace in eight years.
We believe a sharp repricing in government bonds is coming.
Pandemics have a way of shifting the course of history, and not always in a manner immediately evident. We’ve crossed some chasm by directly giving money to people.
Five major themes will underpin the “twenties”: balanced multipolarity, generational conflict, China’s introspection, atoms over bits, and climate change as an investment thesis.