Yesterday the team at Bloomberg Surveillance interviewed Alex Brazier from BlackRock. It was an often nerdy, but strategically valuable conversation. The Great Moderation is over. Mega forces point to significant regime changes. We are on the edge of a generational re-set. We will experience a series of “negative supply shocks”. Geopolitics, the energy transition, and demographic shifts will be the principal drivers. The discussion begins at about the 57 minute mark, it continues for about seven minutes.