An expertly crafted evaluation of forces shaping the economy over the coming decade and portfolio management strategies designed to harness them
In Coming Into View: How AI and Other Megatrends Will Shape Your Investments, Vanguard's global chief economist and head of its Investment Strategy Group, Joe Davis, makes a simple and profound argument: that the "status quo" view of the United States economy—one of predictable and relatively constant measures of growth, inflation, and financial returns—is actually unlikely to hold true in the future. The book demonstrates how the promise of artificial intelligence and technological advancement may push against the daunting headwinds of slowing population growth, rising geopolitical tensions and growing national debt, to reshape the economy in ways that conventional thinking overlooks. Davis presents an innovative and original, data-driven framework to consider the probabilities of the coming tug-of-war between AI-fueled growth and inflationary structural fiscal deficits, that can help guide investors as they build investment portfolios to weather uncertain years ahead.
A must-have resource for professional and retail investors, Coming Into View is a startlingly insightful and practical guide for anyone seeking to engage with the financial markets as an informed and confident investor.