Boom boxes, Polaroids, floppy disks and phone books — these are mostly alien to younger generations today, consigned to the past thanks to the wisdom and technology of our age. With only one of the last 35 calendar years exhibiting inflation above 5% in the US, is high inflation just another quaint phenomenon to be added to the history books? Or is it a dormant risk lying in wait?
Structural Drivers – These very long term drivers are largely unrelated to the movements of economic cycles from boom to bus
Cyclical Drivers – These drivers are highly related to the state of the economic cycle.