Odd Lots
Viktor Shvets Is Declaring a Belated Win for Team Transitory
Investors should get back to worrying about secular stagnation instead of inflation.
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This time last year, Viktor Shvets seemed to be one of the last members of ‘Team Transitory’ standing.
As the US Consumer Price Index soared above 7% at the start of 2022, the Macquarie Capital strategist and repeat Odd Lots guest argued that investors should be more concerned about rapid swings between inflation and deflation, rather than a sustained bout of higher prices, as policymakers around the world scrambled to respond to the effects of pandemic-related disruptions