33rd After-Work Lecture: Built To Fail - How Flaws in The Global Monetary System Produce Deflation

Dozierende/Dozierender:

Russell Napier LLB (Hons), LLM (Cantab), FSIPAG

School/Professur:

A capital exodus from EM, particularly China, tightens monetary policy given their exchange rate targeting regimes.
Such tightening depresses global growth and inflation and pushes real rates of interest higher in the developed world.
As savers and not central bankers have to buy US Treasuries then US corporate bonds and equities are sold pushing up the cost of capital.
The prospects of debt default rise as deflation takes hold and real rates of interest rise in the emerging and developed world.
A credit crisis when policy interest rates are so low means a major bear market for global equities.

Professionals from Corporations, Banks, Asset and Investment Management Companies, Insurance Companies, Financial Advisory Services, Tax Administration, Lawyers, Trustees, Fund Managers and Financial Auditors. Graduate and undergraduate students with interest in investments and finance.