deglobalisation may cause inflation: IMO this is obvious because globalisation allows for effiencies that you cant get without globalisation. once we lose, change or reduce globalisation we will lose efficiency which means less produce and more inflation.
however, deglobalisation forces incredible amounts of new investment as it is now required. if we stopped buying something from X, now we need to make it ourselves, that requires investment. many stocks, of course even those on ASX, require an environment which is favourable to investers coming in and putting their $ down. in this manner you could see it as a positive, of course depending on what timeframes you look at too.
but the biggest point that you made is of high inflation: you said the ASX is silly for not selling their holdings as it will be a bad economy due to high inflation?? is that right? if so, I say stock is capital and capital will run just as much as inflation will. this is a big forcea and the biggest force that is waiting up ahead IMO - it's the rise of stock capital commensurate with the 30% inflation we experienced and are still continuing to experience.
personally: i cannot see any other inflationary force other than what we already had (i.e. covid rules = low production) and increased energy cost due to sanctions. what else can you see as inflationary force in the future?
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