An independent professional's take on the latest news and trends in global financial markets

Storm clouds ahead?

Several more interesting speeches at the CFA Institute conference in Edinburgh, where I am. Notable was a warning by Russell Napier, the independent market strategist, that the growing inflationary crisis in Asia and emerging markets will be the trigger that finally forces the Federal Reserve into raising rates.  Investors worried about the “big reset” (rising bond yields) may be looking in the wrong direction for the trigger.  He expects one more big deflationary scare and that the subsequent bear market in US Treasuries will last “for decades”.

Written by Jonathan Davis

May 10, 2011 at 11:13 AM