The world loves a fad. Markets are no different. Remember when Greece was going to lead to the break up of the Eurozone? That narrative “was a fad,” said Jan Dehn, Head of Research for Ashmore Investment Management in the London. Here are some more. The idea that Japan could escape its structural problems simply through monetary and fiscal stimulus was a fad. China’s hard landing was a fad, and still is. Which brings us to the entirety of emerging markets.
-Igor Purlantov
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.