Ruki Sharma writes for the Financial Times
No matter what industry leader I talk to recently, I have a feeling that people are “frozen”. They have seen inflation return on a large scale for the first time in decades, forcing central banks to raise interest rates at the fastest pace since the early 1980s. They understood that this sudden change in the price of money, the most important factor affecting economic and financial behavior, marked a very different time than ever. But they didn’t take action. Accustomed to “easy money” for a long time, when the world is different, they find it difficult to even think about that world. There is a word for this…
