Shiv Kapoor

Time To Hedge Dollar Exposure

Forgot to mention that the turmoil now occurring is bad news. It will take time to work its way through the economy; but it is an event and it too shall pass.

While the rising deficits are no doubt bad news for the globe as it means an expectation of an elevated period of global inflation and slow growth, and possibly indicates a further contraction in profits and multiples which is not good news for capital markets - it is by no means necessary an indication that the $ is dead.