Inflation is the topic on everyone’s minds. In this podcast, Director of Global Macro Research Francis Scotland, and Senior Vice President – Investment Specialist Katie Klingensmith tackle this tricky—and potentially sticky—topic. They discuss the implications and policy responses to address the jarring rise in inflation, including the Federal Reserve’s abrupt U-turn and the factors contributing to that reversal. However, according to Francis, no one is really talking about the possibility of a meaningful retreat in growth, but that seems the most likely scenario to him. In his view, the big questions are: How fast will mean reversion in growth take place; how far will economic growth retreat; and will inflation follow?
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Groupthink is bad, especially at investment management firms. Brandywine Global therefore takes special care to ensure our corporate culture and investment processes support the articulation of diverse viewpoints. This blog is no different. The opinions expressed by our bloggers may sometimes challenge active positioning within one or more of our strategies. Each blogger represents one market view amongst many expressed at Brandywine Global. Although individual opinions will differ, our investment process and macro outlook will remain driven by a team approach.
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