With inflation recently hitting a high not seen since 1981, it is now apparent that the factors that drove the disinflation trend of the last four decades are coming to an end. Globalization and demographics, the two big factors that combined to hold down prices and wages for so long, are reversing, and so too is the downtrend in prices, wages, and interest rates.
While 1970s levels of inflation seem unlikely, several trends are converging to keep upward pressure on prices for years – maybe decades – to come. And that means the long downtrend in interest rates is at an end. This new, inflationary environment will change how we invest for years to come.
It is the dawn of a new era.
This Special Report explains how we got here, where we’re going, and how to invest in this new, confusing world.