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Cullen Roche examines the effects of inflation on bond performance. He observes that, while recent history has been challenging for bonds, sustained periods of high inflation tend to be even more detrimental to their performance.
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In recent commentary, Cullen Roche noted that household net worth relative to income has reached record highs. He has also argued that reserve currency status is driven by global consumer demand. These observations provide additional context to his analysis of inflation and bond performance.