Episode 54 – Profiles in Credit – Frances Donald
October 29, 2020

Episode 54 – Profiles in Credit – Frances Donald

Geoff Castle chats with Frances Donald, Global Chief Economist at Manulife Investment Management.

Subtitle: Discussions with a rising star in Canadian economics.

In this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Frances Donald, Global Chief Economist at Manulife Investment Management. They discuss Frances’ role and how she got her start in economics, her three-phased approach to navigating the COVID-19 pandemic along with modern monetary theory and the sustainability of credit spreads.

 

Key Takeaways

[01:49]Frances’ role as both an economist and a strategist and what that looks like.
[04:10]How Frances got her start in economics and some of her biggest influences.
[09:23]The drivers of disinflation, how we got to where we are this year and what inflation is composed of.
[18:30]Frances’ three-phase framework to navigating the economic stages of the COVID-19 pandemic.
[25:52]Modern monetary theory and deficit spending.
[36:42]The management of credit spreads, how sustainable they are and their exit potential.
[39:52]A book recommendation from Frances.