The Post-Pandemic World Ushers In New Economic Era of Rising Rates, Reshoring, and Refocusing on Main Street
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Interest rates are rising from historic lows, ending an era of easy money and abnormal returns for stocks and bonds.
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Globalization trends are reversing due to the pandemic, the Ukraine war, and policies aimed at reshoring industries.
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There is a shift in emphasis from Wall Street to Main Street, with policies aimed at reducing inequality.
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Bonds face headwinds and the risk of dollar debasement unless economic data improves significantly.
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Central bank monetary excess is giving way to governments' fiscal excess in fighting climate change and reshaping global supply chains.