When Charles Dickens opened A Tale of Two Cities with his now-famous line, he was describing a world defined not by a single prevailing condition, but by sharp contrasts existing at the same moment in time. 

Prosperity and hardship, confidence and fear, progress and stagnation were not sequential chapters, they were simultaneous realities, depending on where one stood.

In our view, today’s global economy bears a striking resemblance.

Read | 2026 A Tale of Two Cities

Eric Souders

Eric Souders is a Director and Lead Strategist on the global unconstrained fixed income team with a focus on absolute return and multi-asset credit solutions. In this capacity he is responsible for oversight of idea generation, strategy implementation and risk management. Souders is also a senior member of the ESG Committee.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.