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inflationary trends

The Graphic Truth: Summer inflation – then and now
Graphic Truth

The Graphic Truth: Summer inflation – then and now

The summer of 2022 was, broadly speaking, the summer of inflation. An energy crunch caused by Russia’s war in Ukraine, coupled with increased post-COVID demand and supply chain kinks sent prices through the roof. Elevated oil and gas, in particular, set records around the globe.

A shopper looks at produce in a market in Buenos Aires, Argentina.
Viewpoint

As inflation nears 100% in Argentina, the political class struggles to respond

Though much of the world is suffering from uncomfortably high inflation, in Argentina rapid acceleration of price gains in recent months has economists predicting inflation will reach 100% this year.

How US efforts to curb inflation could hurt the developing world
News

How US efforts to curb inflation could hurt the developing world

Since the US Federal Reserve dramatically raised interest rates by 0.75 percentage points last week most analysts have focused on the domestic consequences of the policy. But the impacts of US monetary policy at home are already being felt by emerging market economies. What’s going on and where might this all be headed?

Big bad bear market
Living Beyond Borders Articles

Big bad bear market

On June 13, the S&P 500 officially entered bear market territory — with big implications for both investors and people who are indirect participants in the stock market through their 401(k), America's most popular company-sponsored retirement account.

Who’s to blame for inflation?
by ian bremmer

Who’s to blame for inflation?

Hint: it's not whoever your political adversaries are.

If the economy is so good, why does it seem so bad?
Living Beyond Borders Articles

If the economy is so good, why does it seem so bad?

The US economy grew 5.7% in 2021, the biggest annual growth rate in decades, yet at the beginning of 2022, less than a third of Americans thought it was strong. As the world confronts the converging crises of the lingering pandemic and war in Ukraine, inflation and skyrocketing prices are further contributing to feelings of financial insecurity around the globe. But there's cause for optimism.

How economist Larry Summers predicted US inflation
GZERO World Clips

How economist Larry Summers predicted US inflation

Back in February, Larry Summers was sounding the alarm bell about inflation when no one was talking about it. "It seemed obvious to me that we were gonna have massive demand, and we weren't gonna have such large supply." So why didn't anyone listen to him? Summers says that "cognitive biases" led many to ignore the inflation warning signs because they thought struggling families needed help, or believed that inflation was simply gone for good. Part of the reason prices are rising so much today, Summers says, is because the Biden administration made the political decision to do "too much stimulus," a big mistake in his view.

US shopper on the street. Inflation nation: How Larry Summers predicted skyrocketing prices in the US
GZERO World with Ian Bremmer Podcast

Podcast: Inflation nation: How Larry Summers predicted skyrocketing prices in the US

Listen: As the holiday shopping season gets underway, consumers are facing empty shelves and sky-high prices. What explains the supply chain crunch and how is it related to the highest levels of inflation in the US in 30 years? On the GZERO World podcast, Ian Bremmer is joined by economist Larry Summers, who served as the Treasury Secretary under President Clinton and as the Director of the National Economic Council under Barack Obama.

Think buying American will help ease inflation? Larry Summers says it won’t
GZERO World Clips

Think buying American will help ease inflation? Larry Summers says it won’t

Many Americans believe the best way to fight rising prices is to purchase US-made goods, in theory, less affected by COVID-fueled disruptions to global supply chains. For former US treasury secretary Larry Summers, they're wrong. "I think the right thing to do is to buy cheap and buy inexpensive."