Thornburg Investment Management's vision

Coping with Inflation

Date:

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Pixabay CC0 Public DomainInflación. Inflación
  1. We believe most of the supply chain issues today are transitory in nature. However, the biggest challenge pointing to at least some level of structural inflation is the shift in the mindset of workers, which is likely to result in higher wages and unlikely to be transitory in nature.
  2. We think that most of the underlying inflation pressures are transitory in nature, but “transitory” is likely to be a multi-year process as we recover from supply chain issues.
  3. Financial markets today don't just represent a return to normalization. They represent perhaps a new paradigm: one of significantly depressed rates, ongoing government stimulus, and higher multiples across the world.