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The past two decades of investing were marked by a deflationary environment on the back of globalization. Globalization is over. Populism and the weakness of global supply chains that exposed themselves during the pandemic has firmly cemented deglobalization as the investment theme for the decade ahead. Investors must reexamine their portfolios as inflation, capital investment, and structurally higher interest rates will be important considerations going forward. CFA Society Detroit members who register before 2/10/2025 will receive a $25 GrubHub meal credit to use for a lunch delivery on the day of the event.