Most investors came of age during a persistently disinflationary
environment. Given the disinflationary demand shock caused by the
coronavirus pandemic, that backdrop is likely to endure for the
next several years. However, the...
We are living in extraordinary times. Not since the Spanish Flu
pandemic of 1918 have so many lives around the world been at risk
from an infectious disease. The response from governments and
central banks has been equally extr...