Summary

The conversation covers various topics including inflation expectations, interest rates, the impact of savings and consumer resilience, potential recession in New Zealand, the resilience of tech stocks, predictions for the 2024 US election, geopolitical risks and volatility, ESG trends, and the potential decline of the US dollar. They also touch on the active vs passive investing debate. Rupert and Darcy discuss the tendency to catastrophize and the resilience of markets, economies, and people. They reflect on the past few years and how the world has not ended despite dire predictions. They emphasize the ability of individuals and societies to muddle through and figure things out.

Takeaways

• Inflation expectations have been higher for longer than anticipated, leading to a revalua ...