Today climate change is arguably the most critical long-term challenge that humanity is facing. “Climate action failure” is not only the top long-term threat in the World Economic Forum’s Global Risks Report for 2022, but is also a key element for investors to factor in when building long-term assumptions on the economy and markets. Dealing … Continued
The invasion of Ukraine by Russian troops has caught Europe off guard, reminding it of the darkest hours before the Second World War. The invasion of Ukraine by Russian troops has caught Europe off guard, reminding it of the darkest hours before the Second World War. NATO countries and European leaders have so far ruled … Continued
The share of national income that is distributed to labour vs. capital has fallen to historically low levels in several advanced economies, such as the United States and the United Kingdom. We believe the Covid-19 crisis, along with other factors, will trigger a rebalancing in favour of labour over the next two decades. A reversion … Continued