Ramin Nakisa
👤 SpeakerAppearances Over Time
Podcast Appearances
China's the workshop of the world.
We're the office, right?
And the worst thing you could have done is...
switch off the oil supply.
And that's what happened.
So it's going to have stagflationary effects in the UK.
We'll have higher inflation.
We'll have lower growth.
And it's really awful.
But it will be temporary.
I think eventually we will recover.
But like you say, it's going to be an impulse, a shock.
But even if you went back to the previous oil prices today, it works through the economy.
And it's going to be higher for a while.
And people anchor, right?
They see the price of petrol at the pump and they think, oh, my goodness, numbers are going up.
You know, the prices are going up.
My wage has to go up as well.
You see, what I went for was a money market fund instead of a longer duration guilt fund.
Because the way fixed income works, bonds, get ready on the button, is you've got duration.