Inflation forecasts — like everything else — have been too conservative.
Spiking inflation, disappointing jobs gains and shortages of labor and commodities have investors wringing their hands over the state of the economy.
When countries went into lockdown to stop transmission of the coronavirus, travel — particularly business travel — took a brutal hit.
While wealth management has evolved, the underlying issue remains: it is first a money-making machine for those who work in the industry.