For better or worse, we’re at the summit — of everything.
Andy Cates, senior economist at Haver Analytics, in a presentation said it’s looking like the world is simultaneously reaching peak COVID, peak growth and peak inflation.
“Many of the macroeconomic drivers of asset prices in recent times are peaking and either already moving into reverse or about to move into reverse,” he said.
The first part, COVID, is obviously welcome. He pointed to a big drop in global COVID deaths relative to cases, and the declines in South African…
