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To Survive Disasters, You Need Smiles (guest: Steve Hou)

The Market Huddle

00:00

Is Inflation Transitory?

I was very confused about the rhetoric of inflation is transitory. To me, underneath it all, if there are structural forces that would anchor the US or global economy in a very disinflationary type of way, then there's really nothing to worry about. The first D being decarbonisation, the second D being demographic ageing, the third one being decolobalisation, and the fourth one being dominance of fiscal policy over monetary policy. I realise that we're probably going to make your presentation a lot longer, but let's go through them because they're important to think about when we're setting the stage for what we're seeing.

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