Investment Insight
September 18, 2021
Torsten Slok talks inflation on Barron’s Roundtable
Our Chief Economist Torsten Slok recently joined Barron's Roundtable on Fox Business to discuss his views on rising inflation concerns.
He explained that while many experts consider inflation fears to be temporary—driven by impacts from COVID—there are three different driving factors which may cause inflation worries to be more permanent: labor shortages and rising wages, rising housing prices, and lingering supply chain problems.
“We could have an inflation problem that’s going to last least until the end of this year, and potentially well into next year,” he said.
Additional discussion topics included: the Delta variant’s ongoing market impacts and the potential market implications if there’s an impasse over the upcoming U.S. debt ceiling deadline in October.
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Investment Insight | View from Apollo
The Search for Risk Premium with Apollo Strategist Alex Wright
In a new episode of The View from Apollo podcast, Apollo Chief Economist Torsten Slok speaks with Alex Wright, Global Wealth Strategist in Apollo’s Client and Product Solutions Group, about their views on where to find attractive risk premia at a time of elevated interest rates and lofty public market valuations. This episode also tackles a top-of-mind question: Is the private credit market growing too fast?
In a recent Q&A, Apollo’s Chair of Australia and New Zealand David Moffatt joined us from Sydney to discuss trends impacting the Australian investment and retirement landscape, and what excites him most about the future of Apollo’s platform in the country.
While the Fed’s rate hikes have reigned in growth, especially among over-levered consumers, corporates, and banks, the easing of financial conditions since the “Fed pivot” in December continues to offset the effect of higher rates. For the rest of 2024, we expect economic growth to be higher than consensus and inflation to stay above the Fed’s target. We see no Fed cuts in 2024.
