This podcast episode explores the consequences of elections on policy and markets, focusing on economic inequalities and immigration. It discusses the impact of important elections in different countries and how the COVID pandemic has exacerbated concerns about the future and increased economic disparities. Inflation is identified as a key challenge, with prices for essential goods and services significantly higher than before the pandemic. While there are some positive offsets, such as the rise in home equity and fixed-rate mortgages, these primarily benefit asset owners. The episode also highlights the potential impact of the upcoming US election on global markets, particularly in relation to inflation and interest rates.
