Analyst: "I am considering investing in barbed wire and guns"
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Markets About To Turn Nasty, Buy Barbed Wire: Analyst
Bond markets could get very nasty over the coming months, while stock investors could take a few months off and stop attempting to trade volatile swings in the markets, Anthony Fry, senior managing director at Evercore Partners, told CNBC Monday.
“The current problems will be with us for 5 years or more and uncertainty is very high," Fry said...
Fry says the best we can hope for in the current environment is a soft landing, but sees little chance of this happening...
No Exit Strategy
Fry sees three outcomes for the global economy and none of them makes very good reading.
“You can have lower rates and deflation, higher rates and higher inflation or the nightmare scenario of higher rates and deflating asset prices,” he said.
“If the nightmare scenario plays out as I suspect it may then the debt situation gets worse. There is currently no exit strategy and the reaction to the crisis of policy makers remains a big worry.”