Schvets: Lowflation here forever now

Friday, 18 June 2021

There are not many asset strategists that are worth the time of day. Macquarie’s excellent Viktor Shvets is an exception. I agree with just about everything that he writes below.

It can’t happen here–Why not?

Is US really different to Japan or Eurozone?

One of the most consistent macro themes over the last two decades was that disinflation and deficient demand that afflicted Japan since the early ’90s or Eurozone since’08, cannot occur in the US. There are five arguments against Japanification of the US:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.