After years of extreme monetary easing in response to the financial and other crises, economies have finally started to respond. Growth is back with a vengeance, inflation looks to be on the rise cyclically as capacity constraints begin to bite, and monetary policy is responding – probably more strongly than anticipated until recently. However, looking at the past to determine where markets will be heading in the future might not be the right thing to do. Disruptive forces from technology to politics are challenging our current ways of assessing opportunities and risks. Let’s face digitization now, and put it into an investment context, with Michael Strobaek, Global Chief Investment Officer of Credit Suisse.