Ed Cole
speaker
303 appearances
1 recordings
1 series
first heard Jun 2026
last heard 29 Jun
Ed Cole’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
There's more demand on the physical constraints of the world, which gives rise to producer price inflation.
All of these things are more friction, probably stickier inflation.
Absolutely right.
It's exactly so.
I mean, you know, a hallmark of neoliberalism and globalization was the liberalization of capital accounts.
And this is sort of the opposite of that, which is that, you know, the capital resources of economy are required at home.
Japan will be really interesting to watch in that respect.
I mean, you know, they've now got interest rates at 1%.
Inflation is certainly high in their own context.
The yen is extraordinarily weak.
They're finding it difficult to work out how to cap that.
My take on it, purely personal view, is that at some point, if you go back, gosh, is it 12, 13 years to Abe?
Part of Abe's plan in Japan was to depreciate the yen to try and move away from disinflation and deflation.
And one of the things they did in that respect was they changed the ratios of onshore and offshore investment for the pension funds in Japan.
The pension fund system in Japan is absolutely enormous.
And, you know, I think it's entirely possible that at some point that what they'll do is reverse that as they'll start requiring Japanese pension funds to start buying more Japanese assets.
But I think the critical thing when you think about investing, whether you're investing your ISA or investing the...
assets of a sovereign wealth fund is that the approach that we've all typically used is changing enormously.
The 60-40 is the sort of mainstay of wealth investing and has been for all of our lifetimes.
And it rests on the assumption, as I said already, that bonds and equities are negatively correlated.
Showing 141–160 of 303 · page 8 of 16
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