Featured Insights

Research and Publications

INSIGHTS
by Ed Peters
A few years ago, very high inflation seemed a phenomenon of the past. But prices are rising across the globe, with no clear end in sight. Plans now have to figure out how to adjust to an inflationary regime investors haven’t experienced in almost four decades. Unfortunately, the solution is not as simple as it may seem. Inflation is not a one-dimensional problem, and there is no one-size-fits-all solution.
INSIGHTS
by Ed Peters
In Part 1, we examined the three drivers of inflation: (1) Increased demand, (2) decreased supply, and (3) increased money supply. We discussed their underlying causes and potential remedies. However, as we can see from historical examples, knowing the type of inflation we are facing is not always clear-cut, and high-inflation regime often last far longer than expected.
INSIGHTS
by Ed Peters
The COVID-19 pandemic has revived inflation fears. Measures of expected inflation began rising in early 2021, followed by measures of realized inflation. Yet, real inflation risk has not been an issue for a generation, and underlying causes of inflation have become reduced to a few simplistic ideas. In this paper, we will discuss the three main types of inflation and their causes. It is only through understanding the causes of inflation that we can determine an effective investment strategy.