Deglobalization in a Post-Pandemic, War-Torn World

08/23/22 • 28 min

The economy has undergone a massive transformation in a short period of time. Global lockdowns and the policy response to the pandemic have rippled through labor markets and supply chains, while war in Europe has added fuel to inflation’s surge. As the economy continues to evolve, what investment opportunities lie ahead? How will recent trends in technology, energy and business play out? Rob Kaplan and Adam Tooze join PGIM Fixed Income’s Ellen Gaske to analyze how the global economy is changing and consider what the future might hold for investors.

Previous Episode

Larry Summers on Rate Hikes, Recession Fears and Stagflation

America's factories were humming during World War II, churning out supplies for the military. After the war, as government spending faded and inflation spiked, macroeconomists were worried that the economy would stumble. Nearly eight decades later, a surge in prices during the U.S. economy's recovery from the pandemic has stoked similar fears.

What can we learn from the post-WWII period? Are we headed for economic stagnation, or even 1970s-style stagflation? Larry Summers discusses the economic outlook and implications for central bank policy.

Next Episode

The Price and Peril of a Low-Rate Regime with Edward Chancellor

The first experiment in quantitative easing ended in failure for 18th-century France. Is this a lesson for modern times? After years of ultra-low interest rates, central banks are tightening monetary policy to combat rampant inflation - a shift that has ignited volatility and depressed asset prices. With a sea change in interest rates underway, where can investors turn to bolster their portfolios?

In this episode, PGIM Quantitative Solutions' Ed Campbell and financial historian and author Edward Chancellor discuss the pitfalls of low rates and the investment outlook for a new era.