Manage episode 370916826 series 3247182
As central banks wrestle with the "trilemma" of balancing the risks of inflation, recession and financial stability, Jonathan and Peter debate whether the bond market is giving us an accurate taste of what is to come.
00:32 - The first six months of the year
03:33 - Pundits predicting the market
10:25 - Getting inflation wrong
15:53 - Bond market signals
19:51 - Pricing in a trilemma
24:37 - Close
About Your Hosts
Jonathan Davis started his career as a financial journalist on UK national newspapers, including The Times and The Economist, before qualifying as a professional investor and moving into a new portfolio career as an author, columnist (for The Independent and Financial Times), publisher and investment strategist. He is currently the editor of the annual Investment Trusts Handbook. You can find his newsletter and weekly investment trust podcast on his Money-Makers website. Apart from family, his chief recreation is playing bridge at a high level.
Peter Seilern began his career in financial services in October 1973, which coincided with the first oil shock and was followed by a brutal bear market and an explosion in inflation. After gaining experience in all aspects of the banking industry in Austria, Germany and Switzerland, he founded his own investment management business in 1989, today called Seilern Investment Management, based in London. Born in Trieste, Italy, in 1952, his background is quintessentially pan-European and he deeply believes in the necessity for European nations to continue to strive for ever closer political, economic and monetary union. He has been married for almost thirty-nine years and has three adult children. His hobbies include making and listening to music and reading.Buy Peter’s book Only the Best Will Do, master investor Peter Seilern reveals everything you need to know to practise the art of quality growth investing: finding the companies that can reliably deliver steady and strong growth for the long term.