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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

Economy

Making sense of record high markets as the world catches fire

The post-World War Two economic system is unravelling, leading to huge shifts in currency, bond and commodity markets, yet stocks seem oblivious to the chaos. This looks to history as a guide for what’s next.

Australia’s generous housing subsidies face mounting political risk

Canada’s leader Mark Carney has spoken of a rupture in the rules based system that has governed the world since 1945. That rupture means nations like Australia will need to boost defence spending and find savings elsewhere.

Shares

Finding yield on the ASX

With ASX dividend yields now below government bond yields, investors face an upside-down market where income is scarce, growth is muted, and careful selection of bond-like stocks has never mattered more.

Investment strategies

Digging for value among ASX miners

ASX miners are back in favour after playing second fiddle to banks for years. Is it too late to get in? Here are some thoughts on the large caps such as BHP and Rio, and the hot gold mining sector.

Gold

Gold: Is it time to be greedy or fearful?

Most commentary on gold's recent record highs focus on it being the product of fear or speculative momentum. That's ignoring the deeper structural drivers at play. 

Investment strategies

Asia in 2026: Riding AI, reform and a shifting global order

Tariff turmoil tested Asia, but AI leadership, policy easing and reform momentum are restoring investor confidence and strengthening the region’s outlook for 2026. 

Investment strategies

Investors beware: Bull markets don’t last forever

New research explains why high valuations, low dividends and bullish sentiment rarely coexist with strong long-term returns after extended bull markets. 

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