We are entering secular inflationary period after 40 years of deflationary monetary policies with cheap debt. More competition and less competition among countries.
•The global economy is experiencing a secular regime change, with a focus on equity and fairness.
•The current cycle is driven by populism and a desire for equality and justice.
•The response to this has been massive fiscal spending and protectionism.
•The younger generation is driving the populist movement, as they have underperformed compared to previous generations.
•The shift towards prioritizing median outcomes over mean outcomes is inflationary.
•The current regime change is a political decision and may result in less efficiency but more fairness.
We are entering secular inflationary period after 40 years of deflationary monetary policies with cheap debt. More competition and less competition among countries.
•The global economy is experiencing a secular regime change, with a focus on equity and fairness.
•The current cycle is driven by populism and a desire for equality and justice.
•The response to this has been massive fiscal spending and protectionism.
•The younger generation is driving the populist movement, as they have underperformed compared to previous generations.
•The shift towards prioritizing median outcomes over mean outcomes is inflationary.
•The current regime change is a political decision and may result in less efficiency but more fairness.
Source:
https://share.summaryapp.io/en/27d63efeb0f4446cb13f6be131de032b
https://x.com/tablesalt13/status/1747234926624145616?s=61