The Age of Scarcity - VP Thematic | Research

In the coming decade governments will no longer hide behind the "invisible hand" of the market. They will be forced to make explicit choices on how society allocates resources.
Structural Theme #1: The inflationary impact of government spending
Structural Theme #2: Peak financial deregulation = end of the age of abundance
Structural Theme #3: Capex Supercycle = aged asset base + large infrastructure spending gap + financial repression