Nouriel Roubini: Inflation Will Hurt Both Stocks and Bonds

with Ana Palacio, Minxin Pei, Charles Tannock, Anne-Marie Slaughter, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( JANUARY 30, 2022 This week at [Project Syndicate]( Nouriel Roubini urges investors to reconsider the old 60/40 investment rule; Harold James shows why a hot war between Russia and the West is not inevitable; Ana Palacio highlights the global risks generated by US polarization; and more. Economics & Finance [Inflation Will Hurt Both Stocks and Bonds]( [Nouriel Roubini]( shows why the hedging strategies of the past three decades may no longer make much sense. Politics & World Affairs [A Whiff of Munich]( [Harold James]( considers the historical parallels between 1938 and the latest conflict between Russia and the West. [Sign up for the Worldcrunch daily newsletter.]( Politics & World Affairs [The Global Consequences of American Polarization]( [Ana Palacio]( clarifies the stakes of efforts to mitigate political polarization and revive US global leadership. Economics & Finance [The Fed Is Playing with Fire]( [Stephen S. Roach]( warns that America's monetary policymakers are so far behind the inflation curve that they can't even see it. [Higher Education and the Crisis of Democracy]( On Point [Higher Education and the Crisis of Democracy]( [Daniel Chirot]( reviews three recent books that aim to defend liberal education in an age of anti-liberal extremes. Politics & World Affairs [How China Views the Ukraine Crisis]( [Minxin Pei]( explains why President Xi Jinping is hedging his bets amid escalating tensions between Russia and the West. Politics & World Affairs [Will Russia's Anti-NATO Gambit Succeed?]( [Hilary Appel]( and [Jennifer Taw]( assess the potential costs and benefits to the Kremlin of its ongoing brinkmanship over Ukraine. [Putin’s Poker]( The Big Picture [Putin’s Poker]( PS commentators assess the stakes involved for Russia and the West in the ongoing standoff over Ukraine. Politics & World Affairs [Russia's Likely Invasion Route]( [Charles Tannock]( paints a plausible scenario for an incursion into Ukraine – and a plausible strategy for preventing it. Politics & World Affairs [US Security in the Shadow of Insurrection]( [Anne-Marie Slaughter]( and [Heather Hurlburt]( warn that the erosion of American democracy will continue to undermine all other policy objectives. [Care Over Growth]( Special-Edition Magazine: New Summits [Care Over Growth]( [Tim Jackson]( hopes that the pandemic and the climate crisis will usher in a care-based post-growth economy. Politics & World Affairs [Can Italy Maintain Its Pandemic-Era Transformation?]( [Alexander Stubb]( and [Fabrizio Tassinari]( ask if the country’s remarkable shift to stability can survive a change in political leadership. Economics & Finance [Why the NFT Market Will Collapse]( [Patrick Reinmoeller]( and [Karl Schmedders]( warn investors against trying to time when the current boom in non-fungible tokens turns to bust. [PS Events: Generation Green. Watch now.]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter is a service of [project-syndicate.org](. © Project Syndicate, all rights reserved. [Unsubscribe from this list](