At our "Year of the Stag" seminar on 27 June, we set out the arguments for a global stagflationary outlook and warned against reading too much into the relapse of the oil price. We argued that the restraining influences over global inflation - including globalisation - are weakening while the permissive influences - including populism - are gaining ground. Given the opportunity, inflation will spread quickly and became very difficult to bring under control.
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EP research weaves complex and diverse information into coherent macro narratives, providing clear analysis and original market insights for global investors. Our clients benefit from our long experience in connecting economic developments with the credit and financial market outlook.
The analysis of developments in global private sector credit markets is fundamental to our understanding of the global economic and financial outlook. However, the actions and interventions of central banks and government have become increasingly important to our economic assessment.
For several years we have maintained that the only credible resolution of the 2008 global credit crisis is a resurgence of global inflation. We take an eclectic approach to the inflation outlook, considering political and socio-economic factors alongside macroeconomic drivers. We provide the multi-dimensional appraisal of the inflation outlook that is critical to formulating a successful investment strategy, at a time when inflation complacency is rife.
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