The Pit & The Pendulum

By: Jason Thomas

Danger seemingly lurks in every direction, as uncertainty remains in the global macroeconomic environment. Investors are understandably anxious, with elevated implied and realized volatility across rates, credit, and equity markets. 

The Pit & The Pendulum is a Global Insights report from Head of Global Research Jason Thomas which shares a perspective on today's challenges in the aftershocks of pandemic-and-policy-inflected earthquakes and the landscape for growth ahead.

Read The Pit & The Pendulum by Jason Thomas



Jason Thomas is a Managing Director and Head of Global Research at Carlyle. Mr. Thomas helps to formulate firmwide investment strategies and serves as the Chief Investment Officer for managed accounts and the economic adviser to the firm’s Global Private Equity and Credit Investment Committees. Prior to joining Carlyle, Mr. Thomas served on the White House staff as Special Assistant to the President and Director for Policy Development at the National Economic Council. In this capacity, Mr. Thomas acted as the primary adviser to the President for public finance. Mr. Thomas received a BA from Claremont McKenna College and an MS and PhD in finance from George Washington University, where he studied as a Bank of America Foundation, Leo and Lillian Goodwin Foundation, and School of Business Fellow. Mr. Thomas has earned the chartered financial analyst designation and is a Financial Risk Manager certified by the Global Association of Risk Professionals.