In analyzing AI’s potential impact, star portfolio manager David Giroux and the T. Rowe Price team realized the technology was not only going to increase efficiency and profitability among many companies, but it could have a profound effect on the broader economy, including inflation and interest rates. In a separate research effort, Giroux also looked at China and the serious threat its military aggression could have on portfolios. He started with AI’s connection to inflation and interest rates.
ON TV…
As Public Television continues its winter fundraising schedule this weekend, we are revisiting a recent and very popular interview with financial thought leader, James Grant, Founder & Editor of Grant’s Interest Rate Observer, which celebrated its fortieth anniversary last year. Grant discusses the significant investment ramifications of this new era of higher interest rates and why historically these periods have lasted for decades. Watch it again here.
