Morgan Stanley: Inflation Uncertainty and Corporate Finance

By kind permission of Morgan Stanley’s Caitlin Long, The Cobden Centre is delighted to publish their report, Inflation Uncertainty and Corporate Finance.

Some key points:

  • Inflationary pressures are rising.
  • A devaluing US Dollar produces rising commodity prices and devaluing pegged currencies in many emerging markets.
  • The pendulum could swing back to deflation again.
  • MIT’s Billion Prices Project shows US prices running at over 10% annualised.
  • Commodity prices are at all-time highs.
  • Food prices are key to inflation in emerging markets.

You can download the report here.