4: The Underestimated Monster (Part 1)

The U.S. continues to fight a foe that has defeated Japan and is winning in Europe.

Posted September 18, 2020

Time Stamps

Not an easily slain monster (0:39)

Putting inflation into historical perspective (1:39)

Why is deflation so concerning (3:55)

What powers inflation: population, productivity, globalization (7:33)

Attempts to counter deflation (10:07)

The broken mechanism to control deflation (10:34)







Pacific Asset Management LLC is the sub-adviser for the Pacific Funds Fixed-Income Funds. The views in this commentary are as of September 17, 2020 and are presented for informational purposes only. These views should not be construed as investment advice, an endorsement of any security, mutual fund, sector or index, or to predict performance of any investment. Any forward-looking statements are not guaranteed. All material is compiled from sources believed to be reliable, but accuracy cannot be guaranteed. The opinions expressed herein are subject to change without notice as market and other conditions warrant. Sector names in this commentary are provided by the Funds’ portfolio managers and could be different if provided by a third party.

DOL - Pacific Funds

Pacific Life Insurance Company is the administrator for Pacific Funds. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

Pacific Funds and Pacific Asset Management LLC are registered service marks of Pacific Life Insurance Company.


Pacific Funds are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA), and are available through licensed third parties. Pacific Funds refers to Pacific Funds Series Trust.

For financial professional use only. Not for use with the public.

Getting Credit Host:

Dominic Nolan, CFA 
Senior Managing Director  
Pacific Asset Management

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