Is the projected pick-up in global inflation a red herring?

John Ricciardi, CEO of Kestrel Investment Partners, takes a closer look at the fallout from recent global political events and the implications for investors in 2017.

The surprise for this quarter may be that equity markets will continue to recover, global growth will remain steady, and inflationary pressures will turn out to be very tame, independently of shifts in the current political landscape. The election calendar has already brought major political uncertainties and increasingly foggy fiscal and monetary horizons, and analysts' projections for disappointingly slow global growth, as well as announcements of a soon-to-be apparent pick-up in worldwide inflation, may prove to be misguided. Major economies are enormous, with growth paths that are...