About this podcast
When the future becomes increasingly uncertain, investors need to cut through the noise and think beyond the obvious answers. Is inflation finally on the retreat? Can labor markets withstand an economic slowdown and demographic headwinds? Will the tense geopolitical climate ease or escalate? What is the outlook for interest rates after the rapid hikes of 2022?
Welcome to Season 3 of The OUTThinking Investor, hosted by Toby Ricketts. In this season, global thought leaders and PGIM experts will bring their unique perspectives for the year ahead and beyond. Join us as we reexamine the past, present-day opportunities, and future possibilities in global capital markets — to help you spot opportunities when markets are stressed and uncover risks when markets are rising.
Help Wanted: Four Forces Transforming Labor Markets
Hear guests Greg Wright, senior fellow at the Brookings Institution; Zeynep Ton, professor at MIT Sloan and author of the book The Case for Good Jobs; and Jakob Wilhelmus, Director of Thematic Research at PGIM discuss the transformation of labor markets and its economic impact.
Hear fresh perspectives on potential risks to financial markets and strategies agile investors can employ to protect their portfolios against the known and unknown. Guests include Scott Patterson, Wall Street Journal reporter; Ethan Wu, Financial Times reporter; and Michael Dicks, Chief Economist and Deputy Head of Research at PGIM Wadhwani.
David Ferrucci, the former project lead for Watson; Gillian Tett, US editor-at-large for the Financial Times; and Erika Klauer, portfolio manager of the technology fund at Jennison Associates, bring their unique perspectives to the topic of AI and how investors can prepare for what is to come.
Chris Miller, author of Chip War: The Fight for the World’s Most Critical Technology, and Dennis Lockhart, former president and CEO of the Federal Reserve Bank of Atlanta, examine the global competition to fortify supplies of semiconductors and macroeconomic implications for investors to consider.
The global food system is rapidly evolving. Savvy investors need a playbook to navigate this change, whether seeking opportunities or mitigating risks. Guests featured: agricultural and development economist Chris Barrett from Cornell University, Council on Foreign Relations fellow Zoe Zongyuan Liu, and PGIM Head of Thematic Research Shehriyar Antia.
Episode 3 - Part 2
Robert Armstrong, US financial commentator and writer of Unhedged for the Financial Times, and John Cochrane, senior fellow at the Hoover Institution and author of The Fiscal Theory of the Price Level, discuss the implications of banking fragilities, keeping a long-term investment horizon amid market volatility, and how swelling government debts could set the stage for new market risks.
Episode 3 - Part 1
Rob Kaplan, former President of the Dallas Fed, and George Patterson, Chief Investment Officer of PGIM Quantitative Solutions, discuss lessons learned from banking turmoil, the difficult path ahead for central banks, and where investors can find longer-term opportunities amid an uncertain environment.
Can investors remain optimistic while also surveilling markets for downside risks? Economist Brad DeLong, author of Slouching Towards Utopia, and the CFA Institute Research Foundation’s Laurence Siegel, author of Fewer, Richer, Greener, join PGIM Fixed Income’s Robert Tipp, Chief Investment Strategist and Head of Global Bonds, to discuss reasons for investors to be optimistic about the future, particularly as opportunities emerge in the bond market.
Will demographic changes reshape the investment landscape? Join PGIM Fixed Income’s Chief European Economist Katharine Neiss and Charles Goodhart, Emeritus Professor at the London School of Economics, as we explore the inflationary effects of demographic changes, the implications for monetary and fiscal policy, and how aging populations could impact the economy and the global investment landscape.
In this episode, PGIM Wadhwani CIO Sushil Wadhwani, author and UC Berkeley lecturer Kevin Coldiron, and Columbia Business School professor Laura Veldkamp discuss recent liquidity crises, portfolio strategies for managing tail risks, and why tighter monetary policies could expose cracks in the financial system.
PGIM COO Taimur Hyat and economist Josh Lerner from Harvard Business School offer unique perspectives into the factors driving growth in private markets, current investment opportunities, and the outlook for private markets as interest rates rise.
Environmental activist and investor Tom Steyer, the Oxford Institute for Energy Studies’ James Henderson, and PGIM Private Capital’s Brian Thomas discuss the portfolio implications and challenges associated with the energy transition.
With a sea change in interest rates underway, where can investors turn to bolster their portfolios? In this episode, PGIM Quantitative Solutions’ Ed Campbell and financial historian and author Edward Chancellor discuss the pitfalls of low rates and the investment outlook for a new era.
Rob Kaplan, former President of the Federal Reserve Bank of Dallas, and Adam Tooze, Director of the European Institute, join PGIM Fixed Income’s lead G10 economist Ellen Gaske to analyze how the global economy is changing and consider what the future might hold for investors.
What can we learn from the post-WWII period? Are we headed for economic stagnation, or even 1970s-style stagflation? Former Treasury secretary Larry Summers discusses the economic outlook and implications for central bank policy.
Hear from PGIM Real Estate’s president and CEO Eric Adler and author of The Power Law: Venture Capital and the Making of the New Future, Sebastian Mallaby, as they discuss the advantages, challenges, and future opportunities for investors in private markets — from venture capital to real estate to private equity and beyond.
In the Season 2 premiere, we talk to PGIM Quantitative Solutions’ Chief Investment Strategist Ed Keon and PGIM Fixed Income’s Chief European Economist Katharine Neiss to better understand today’s inﬂationary shock and how it will play out for investors.
As AUM in sovereign wealth funds continue to surge, how will they exert greater influence—and possibly even promote sustainability—over global markets? Author Angela Cummine joins Stephen Oxley and Philip Hsin, Managing Directors in PGIM’s Institutional Relationship Group, to explore the emergence of SWFs and the formidable opportunities that await them.
Retirement assets are the largest pool of money in the world—by far—and have pronounced structural differences depending on which country a pensioner calls home. How did this happen? And how can pension plans stay solvent as the global population ages? Journalist Roger Lowenstein and Antonio Sánchez, lead economist at the European Systemic Risk Board, join Howard Nowell of PGIM’s Institutional Relationship Group in this episode.
ESG is the trendy star of today’s financial headlines, but it’s also a movement that stretches back centuries. PGIM COO Taimur Hyat, PGIM Real Estate Head of Americas Asset Management Christy Hill and PRI CEO Fiona Reynolds look at the rich history of values-based investing, charting the course ahead for ESG by learning how market solutions can help answer social problems.
Join PGIM Private Capital Head of Direct Lending Matt Harvey, PGIM Fixed Income co-CIO Greg Peters, and University of Washington sociology professor Sarah Quinn as they examine the evolution of debt, where we’ll learn how private credit fueled a financial revolution that has changed the course of history—from 1600s England, to the go-go Wall Street of the 1980s, to today.