Gabelli Funds' Ward Not Betting Against Global Economy

The transcript discusses the challenges of investing in global multinationals, using Siemens as an example. It highlights the global nature of these companies and their financial flexibility. The current state of the global economy is analyzed, noting that while it is performing well, there may be a slowing phase ahead. The potential impact of rising interest rates on the economy and stocks is considered, but the speaker believes rates will remain manageable and inflation will not become overwhelming. The discussion concludes with an acknowledgment of capacity and labor issues, but optimism about continued economic expansion.

In what way does the speaker suggest that global multinationals operate?

What does the speaker imply about the inflation scare compared to the 1970s?