When the future becomes increasingly uncertain, investors need to cut through the noise and think beyond the obvious answers.

In season three of The OUTThinking Investor, an award-winning podcast from PGIM, global thought leaders and PGIM experts will bring their unique perspectives for the year ahead and beyond. Is inflation finally on the retreat? Can labor markets withstand an economic slowdown and demographic headwinds? Will the tense geopolitical climate ease or escalate? What is the outlook for interest rates after the rapid hikes of 2022?

Join host Toby Ricketts as we reexamine the past, present-day opportunities, and future possibilities in global capital markets — to help you spot opportunities when markets are stressed and uncover risks when markets are rising.

&lt;div class=&quot;OutlineElement Ltr SCXW165257100 BCX8&quot;&gt; &lt;p class=&quot;Paragraph SCXW165257100 BCX8&quot;&gt;&lt;span class= &quot;TextRun SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang=&quot;EN-US&quot; data-contrast=&quot;auto&quot;&gt;&lt;span class= &quot;NormalTextRun AdvancedProofingIssueV2Themed SCXW165257100 BCX8&quot;&gt;Cities have faced a host of challenges over the course of histor&lt;/span&gt;&lt;span class= &quot;NormalTextRun AdvancedProofingIssueV2Themed SCXW165257100 BCX8&quot;&gt;y, such as affordable housing, transportation, public&lt;/span&gt; &lt;span class= &quot;NormalTextRun AdvancedProofingIssueV2Themed SCXW165257100 BCX8&quot;&gt;safety&lt;/span&gt; &lt;span class= &quot;NormalTextRun AdvancedProofingIssueV2Themed SCXW165257100 BCX8&quot;&gt;and economic opportunities.&lt;/span&gt; &lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;In today’s rapidly changing global economy, these challenges are becoming increasingly complex, with cities needing to adapt to technological advancements, climate risks, and fluctuating fiscal policies.&lt;/span&gt; &lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;The most successful cities are dynamic&lt;/span&gt; &lt;span class=&quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;and adapt&lt;/span&gt; &lt;span class=&quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;to changing circumstances. Consider Pittsburgh, Pennsylvania, as a prime example. Once known for its manufacturing might, Pittsburgh had to reinvent itself after the collapse of the steel industry in the 1980s. The Steel City successfully mounted a turnaround by becoming an innovation hub, thanks to a strong academic presence and low cost of living that attracted technology and healthcare employers. What lessons can cities draw from urban transformations of the past?&lt;/span&gt;&lt;/span&gt;&lt;span class=&quot;EOP SCXW165257100 BCX8&quot; data-ccp-props= &quot;{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}&quot;&gt; &lt;/span&gt;&lt;/p&gt; &lt;/div&gt; &lt;div class=&quot;OutlineElement Ltr SCXW165257100 BCX8&quot;&gt; &lt;p class=&quot;Paragraph SCXW165257100 BCX8&quot;&gt;&lt;span class= &quot;TextRun SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang=&quot;EN-US&quot; data-contrast=&quot;auto&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;This episode of The Outthinking Investor explores the role investors will play in solving many of the challenges that cities face&lt;/span&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;. W&lt;/span&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;ith opportunities&lt;/span&gt; &lt;span class=&quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;emerging&lt;/span&gt; &lt;span class=&quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;across real estate, infrastructure, technology and more&lt;/span&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;, institutional investors are already providing much of the capital needed to fund urban development.&lt;/span&gt; &lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;Edward&lt;/span&gt; &lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;Glaeser&lt;/span&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;, economics professor at Harvard University and&lt;/span&gt; &lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;co-author of “Survival of the City: Living and Thriving in an Age of Isolation&lt;/span&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;”; Jeff Speck,&lt;/span&gt; &lt;span class=&quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;partner at the urban planning and design firm Speck Dempsey&lt;/span&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;; and Cathy Marcus, Co-CEO and Global COO of PGIM Real Estate, discuss&lt;/span&gt; &lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;the evolution of cities&lt;/span&gt;&lt;span class=&quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;, the challenges they must overcome, and&lt;/span&gt; &lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;emerging opportunities for investors&lt;/span&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;.&lt;/span&gt;&lt;/span&gt;&lt;span class= &quot;EOP SCXW165257100 BCX8&quot; data-ccp-props= &quot;{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}&quot;&gt; &lt;/span&gt;&lt;/p&gt; &lt;/div&gt; &lt;div class=&quot;OutlineElement Ltr SCXW165257100 BCX8&quot;&gt; &lt;p class=&quot;Paragraph SCXW165257100 BCX8&quot;&gt;&lt;span class= &quot;TextRun SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang=&quot;EN-US&quot; data-contrast=&quot;auto&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;To hear more from PGIM, tune into our new podcast,&lt;/span&gt;&lt;/span&gt; &lt;span class= &quot;TextRun SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang=&quot;EN-US&quot; data-contrast=&quot;auto&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;Speaking of Alternatives&lt;/span&gt;&lt;/span&gt;&lt;span class=&quot;TextRun SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang=&quot;EN-US&quot; data-contrast=&quot;auto&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;, hosted by Eric Adler,&lt;/span&gt; &lt;span class=&quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;President&lt;/span&gt; &lt;span class=&quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;and CEO of PGIM Private Alternatives.&lt;/span&gt;&lt;/span&gt; &lt;span class= &quot;TextRun SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang=&quot;EN-US&quot; data-contrast=&quot;auto&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;Speaking of Alternatives&lt;/span&gt;&lt;/span&gt; &lt;span class=&quot;TextRun SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang=&quot;EN-US&quot; data-contrast=&quot;auto&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;is available on&lt;/span&gt;&lt;/span&gt; &lt;a class=&quot;Hyperlink SCXW165257100 BCX8&quot; href= &quot;https://open.spotify.com/show/3cECWaHjEdMBYbpIZ6luE5?si=f42bd10229924cc5&amp;nd=1&amp;dlsi=460e6a4bb9b14dec&quot; target=&quot;_blank&quot; rel=&quot;noreferrer noopener&quot;&gt;&lt;span class= &quot;TextRun Underlined SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang= &quot;EN-US&quot; data-contrast=&quot;none&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot; data-ccp-charstyle= &quot;Hyperlink&quot;&gt;Spotify&lt;/span&gt;&lt;/span&gt;&lt;/a&gt;&lt;span class= &quot;TextRun SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang=&quot;EN-US&quot; data-contrast=&quot;auto&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;,&lt;/span&gt;&lt;/span&gt; &lt;a class= &quot;Hyperlink SCXW165257100 BCX8&quot; href= &quot;https://podcasts.apple.com/ca/podcast/speaking-of-alternatives/id1740428769&quot; target=&quot;_blank&quot; rel=&quot;noreferrer noopener&quot;&gt;&lt;span class= &quot;TextRun Underlined SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang= &quot;EN-US&quot; data-contrast=&quot;none&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot; data-ccp-charstyle= &quot;Hyperlink&quot;&gt;Apple&lt;/span&gt;&lt;/span&gt;&lt;/a&gt;&lt;span class= &quot;TextRun SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang=&quot;EN-US&quot; data-contrast=&quot;auto&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;,&lt;/span&gt;&lt;/span&gt; &lt;a class= &quot;Hyperlink SCXW165257100 BCX8&quot; href= &quot;https://music.amazon.com/podcasts/841421e9-698d-4273-bd3b-b6b1cb0681e3/speaking-of-alternatives&quot; target=&quot;_blank&quot; rel=&quot;noreferrer noopener&quot;&gt;&lt;span class= &quot;TextRun Underlined SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang= &quot;EN-US&quot; data-contrast=&quot;none&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot; data-ccp-charstyle= &quot;Hyperlink&quot;&gt;Amazon Music&lt;/span&gt;&lt;/span&gt;&lt;/a&gt;&lt;span class= &quot;TextRun SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang=&quot;EN-US&quot; data-contrast=&quot;auto&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;, and other podcast platforms.&lt;/span&gt; &lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;Explore our&lt;/span&gt; &lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;entire collection&lt;/span&gt; &lt;span class=&quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;of podcasts at&lt;/span&gt;&lt;/span&gt; &lt;a class=&quot;Hyperlink SCXW165257100 BCX8&quot; href= &quot;https://www.pgim.com/podcasts&quot; target=&quot;_blank&quot; rel= &quot;noreferrer noopener&quot;&gt;&lt;span class= &quot;TextRun Underlined SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang= &quot;EN-US&quot; data-contrast=&quot;none&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot; data-ccp-charstyle= &quot;Hyperlink&quot;&gt;PGIM.com&lt;/span&gt;&lt;/span&gt;&lt;/a&gt;&lt;span class= &quot;TextRun SCXW165257100 BCX8&quot; lang=&quot;EN-US&quot; xml:lang=&quot;EN-US&quot; data-contrast=&quot;auto&quot;&gt;&lt;span class= &quot;NormalTextRun SCXW165257100 BCX8&quot;&gt;.&lt;/span&gt;&lt;/span&gt;&lt;span class= &quot;EOP SCXW165257100 BCX8&quot; data-ccp-props= &quot;{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}&quot;&gt; &lt;/span&gt;&lt;/p&gt; &lt;/div&gt;

The Outthinking Investor

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