DFVS - Strategic Fixed Income: Inflation - Is That It?
By John Pattullo
John Pattullo, Co-Head of Strategic Fixed Income, discusses the range of factors he believes indicate that current inflation is more cyclical than structural.
Transcript
John Pattullo: 2018 was really a reflationary year driven by Chinese expansion a couple of years ago, the Trump tax cuts, equity markets have been strong, activity's been strong, money supply was growing. And we never really had any breakout in inflation, even though that was the big thing the market feared.
In fact, my colleague, Jenna, did a video in February really talking about the