ALLIANCEBERNSTEIN HOLDING L P Gpo Form

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it certainly feels if we're entering a new era for investors and that can be pretty unsettling particularly after a year like 2022 where we saw extreme volatility and stock markets around the world declining but we believe that this is the right time to focus on what the new regime may look like and start to position ingly over the last four decades investors have really benefited from falling interest rates and low levels of inflation there have been many drivers of that you know China's integration into the world economy the globalization of Supply chains and let's not forget the productivity gains from you know from technology this frankly lulled many investors and frankly some policy makers into believing that low low inflation was here to stay yet under the surface we saw a series of actions you know particularly around quantitative easing that caused pressures to build up in the system as we came to the pandemic and yet again policymakers around the world responded with further q