Interest rates are not managing to reduce inflation efficiently due to the low level of household and enterprise indebtedness. Javier de Berenguer, investment manager and fund selector at MAPFRE Gestión Patrimonial, believes that the key lies in the liquidity of the system.
Climate risk has gained importance in recent years. Transition risk are also a part of them, in a less obvious way than physical risks.
The United States could run out of money to meet its obligations in less than a month. This isn’t due to economic problems: the country is in a solvent position and there aren’t any non-payment precedents on record, but political polarization has caused the negotiation of the debt ceiling, which was previously considered almost merely an administrative process, to lead the country to the precipice of default.