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Kenneth Galbraith joins Syncona as executive in residence


Kenneth Galbraith joins Syncona as executive in residence
 
11 May 2021
Biotech and venture capital veteran Kenneth Galbraith has joined Syncona, the FTSE-250 healthcare company, as executive in residence.
In this role, Ken will work alongside the Syncona team to support portfolio companies as they scale and develop, pulling on 30 years’ experience as a life sciences executive, director, investor and advisor across North America.
He also has almost a decade of experience in the management of venture capital funds and new company formation.
“We are pleased to expand our team with the appointment of Ken as Executive in Residence. He brings invaluable experience in both biotech company building and venture capital and will play an  important role in supporting our portfolio companies as they scale. We look forward to working with him, said Martin Murphy, CEO, Syncona Investment Management Limited. ....

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All Inflation Is Transitory


All Inflation Is Transitory
As my colleague
“Inflation jumped as predicted, and so was the Fed comment about transitory.
As Mish discusses, inflation depends much on how you measure it and who it impacts. However, inflation is and remains an always
“transient factor in the economy. As shown, there is a high correlation between economic growth and inflation. As such, given the economy will quickly return to sub-2% growth over the next 24-months, inflation pressures will also subside.
Significantly, given the economy is roughly comprised of 70% consumption, sharp spikes in inflation slows consumption
(higher prices lead to less quantity), thereby slowing economic growth. Such is particularly when inflation impacts things the bottom 80% of the population, which live paycheck-to-paycheck primarily, consume the most. The table below shows the current annual percentage change in the various categories. ....

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