The confluence of major transitions in the global economy is changing the nature of risk and how it is managed. Key features that are shifting gears include the Federal Reserve (Fed), European Central Bank and many of their peers now fighting inflation with elevated interest rates, geo-political tensions stemming from Russia-Ukraine and China-U.S. relations, global warming creating more powerful storms and periods of extreme heat and drought, and severe headwinds from shifts in demographic patterns in many aging industrial economies. Not only do these transitions have the potential to increase volatility in some ... (full story)