Guru watch

In the wake of the pandemic, global debt stands at “levels not seen since World War II”, writes Petersince 1982 and now runs it with co-managers Alastair Laing and Chris Clothier – believes that as a result, we will see a period of “financial repression”, with interest rates held below the rate of inflation. The same strategy was pursued by governments and central banks after the war, and it’s likely to happen again today.