The trillions of dollars of stimulus propping up economies and asset markets since the March 2020 COVID-19 crash have now, inevitably, led to overheating global economies leading to surging inflation which central banks globally are struggling to rein in. In addition, further passthrough of inflation due to surging energy prices brought about by the Ukraine Invasion is extending the inflation cycle.
Nicolas Bryon, the Fund Manager of the Atlantic Pacific Australian Equity Fund (APAEF), has been warning since late 2021, of the impending rise in interest rates and the “reactionary tales” of central banks that would follow. Read more