Risk of a 1970s-Style Inflation Shock is Rising, Warns Brevan Howard (DE.IUST) - 01 aprilie 2022

“This combination of high inflation, tight labour markets, and uncertain inflation expectations introduces the prospect of a 1970’s style wage-price spiral which proved very costly to reverse during the Volcker Era,” according to the note to shareholders of a listed fund, which it manages. The macro trading firm, which is off to one of its best gains in nearly two decades of trading, said the current macro environment is as complicated as at any time during the last 75 years, according to its annual outlook.

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