Vulnerabilities of the Reflation Consensus: DB- Jan7, 2021

Real Vision managing editors Ed Harrison and Roger Hirst examine the consensus around reflation which has gripped financial markets – a narrative that Roger views as the most unanimous one he’s seen in his entire career. Ed and Roger first define reflation as a pick-up in growth alongside inflation and explore why so many market participants believe it to be a foregone conclusion. They then discuss the rush into small-caps, high yield, and low-quality stocks that has occurred as the confidence in reflation has strengthened. Ed and Roger consider everything from the yield curve to job losses to speculative positioning in copper and cattle, and they look forward to what is on the horizon for markets and the economy. In the intro, Real Vision’s Haley Draznin examines why the political unrest in Washington didn’t dent cryptocurrency or the stock market’s ongoing rally Thursday, and she looks ahead at what to expect from the job market in 2021. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Om Podcasten

Understand the complex world of finance, business, and the global economy with real in-depth analysis from real experts. We unlock access to the leading financial minds in the world to provide unbiased, in-depth analysis from real experts. The Real Vision podcast features our flagship series, the Daily Briefing, which includes market analysis every weekday after US markets close and before Asian markets open. Subscribe today and get the best expert analysis for free. Brought to you from Real Vision.