We’re Living In An Inflationary Environment: Morse

Ed Morse argues that modern geopolitical tensions and structural market shifts have rendered OPEC's price control insignificant while revealing a divergence between China's official growth figures and independent assessments of stagnant economic output. He contrasts China's demographic crisis with the relative resilience of the U.S. retirement system, which retains immigration as a policy lever to address aging populations. Finally, Morse advises investors to prioritize consistent saving and balanced portfolios amidst a persistent inflationary environment, highlighting the energy transition's rising electricity intensity as a key driver for future equity valuations.