Prof G Markets · Thursday, September 3, 2026
John Meury, Chief Investment Officer at NFJ Investment Group, suggests that inflation is becoming a part of the 'new normal' due to a fundamental regime shift in investor priorities, moving from seeking the cheapest options to prioritizing safety. This shift is impacting supply chains and overall economic conditions.
“I think the real difference today is there's been a regime shift because for so long, investors thought inflation was dead and globalization really had quenched that.”
“And today, we have a shift that's going on in, and I think we've moved from the cheapest being the most important to the safest.”
“And I think that as that trickles into supply chains, inflation is part of kind of a new, the new normal a little bit because it's almost like we skipped the insurance premium for getting everything so cheap, uh, in years past.”