> Central banks are deliberately causing recession by overtightening policy to tame inflation, in our view.
I didn't read the whole report, but a cursory glance revealed the above quote in the lede. Which seems interesting to me, that one of the largest (maybe the largest?) investment management firms in the world has a different take on inflation taming than central banks. Maybe it's only natural; they see a willed recession on the horizon which will obviously hurt their bottom line.
Maybe they don't even have an alternative strategy, but I'm personally wondering if hiking interest rates on top of soaring energy prices is really the best we can come up with. Is it?
I didn't read the whole report, but a cursory glance revealed the above quote in the lede. Which seems interesting to me, that one of the largest (maybe the largest?) investment management firms in the world has a different take on inflation taming than central banks. Maybe it's only natural; they see a willed recession on the horizon which will obviously hurt their bottom line.
Maybe they don't even have an alternative strategy, but I'm personally wondering if hiking interest rates on top of soaring energy prices is really the best we can come up with. Is it?