Interest rates are normal, the world is not
Given all this fragility, recessionary or inflationary shocks — or even both together — are conceivable
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Interest rates take fright
The market’s calm in the face of war is beginning to crack
Beware populist economics
History suggests the political approach ends in unsustainable debt and lower GDP
We must be mindful of the risks of private credit
The sector remains untested in a severe or prolonged economic downturn
US economic outlook obscured by shutdown-triggered data gap
The statistical blind spot could affect everything from interest rate cuts to investment decisions
An ever riskier world economy
Trump’s tariff war brings with it unpredictability and a consequent loss of confidence
Lessons from the 1920s and 30s on tariffs and markets
Investors today might be too complacent about the risks to earnings from slower growth and higher inflation