Low Peace, High Rates: The Readout With Ruth David

“The peace dividend is clearly at the end of the road,” Ken Griffin, the billionaire founder of hedge fund Citadel, declared today as he discussed the impact of the Russia-Ukraine and Israel-Hamas wars on the global economy.

Conflict and structural change are pushing the world towards de-globalization, Griffin said at the Bloomberg New Economy Forum in Singapore. “We are likely to see higher real rates and we’re likely to see higher nominal rates,” he added.