May 2022

RECESSION, THEN STAGFLATION?
With inflation raging and markets taking a hard hit, central banks have run out of acceptable options. With a view on preserving capital, we re-examine the merits of cash and take a close look at various asset classes, from stocks and bonds to gold and cryptos.

Today’s Strategic Update covers a range of topics: government’s relentless attempts to regulate everything, Big Technology’s push toward surveillance and narrative control, the consequences of the Ukraine war, and how to invest in a climate of extreme uncertainty.