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Western Asset

Inflation now versus 1960s-1970s experience

US inflation today is the worst since that of the late-1960s and 1970s, but the current experience differs from that previous period in important respects, including economic growth, wages, and price disparities.

Six Common Misconceptions About Inflation

An analysis of inflationary forces using both recent data and historical examples, to dispel common misconceptions regarding the dynamics of inflation related to money supply, GDP, employee wages, labor force, supply chain, Fed Reserve policy and more.

Global Outlook 1Q 2022

Western Asset expects global growth to decelerate from the robust 2021 levels as we move into 2022. Contributing factors include a sharp pullback in global fiscal stimulus, a reduction in monetary accommodation by key central banks, and the persistence of secular-related headwinds.

Global Inflation Update

With headline inflation remaining elevated globally we revisit the specific inflation drivers in three major economies: the US, eurozone and UK. We highlight differences in recent inflationary impulses, our expectations for inflation trajectories over the coming months and the potential implications for bond yields.

Latest Updates

Taxation

3 ways to defuse intergenerational anger

With the upcoming budget increasingly likely to include bold proposals to alter the tax code I’ve outlined three incremental steps with fewer unintended consequences.

Economy

Why an extended US-Iran war will punish mortgage holders

The impact of the Iran War is far more than expensive petrol. Higher oil prices have secondary inflationary impacts that reverberate throughout the economy which could be bad news for Australians with mortgages.

Infrastructure

Don’t forget the yield

Global Listed Infrastructure dividends are forecast to grow 5-6% p.a over the next two years. After a hiatus, share buybacks are back on the agenda and will play an integral role in shareholder returns.

Iran war hands politicians free ticket to blame oil prices for inflation

Past oil shocks offer lessons for investors dealing with the fallout from the Iran War and the ongoing impact on inflation.

Economy

Japan 2026: A new PM heralds a new golden age?

Former Australian Prime Minister, Paul Keating, once said "When you change the government, you change the country." We're about to see whether that holds true in Japan.

Investment strategies

Why are central banks moving from US Treasuries to gold?

Central banks now hold more gold reserves than US Treasuries, signalling a shift in safe-haven asset strategy and portfolio diversification as geopolitical risks increase.

Strategy

Has global human wellbeing peaked? What the data reveals

Historically economic progress is measured by GDP growth but there is an increasing body of work that explores quantitative measures of wellbeing.

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