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IFA Magazine: Market overview: Sell-offs to continue, Stephen Jen says

On the subject of recent volatility in emerging markets and US Treasuries this is what Stephen Jen, co-founder of hedge fund SLJ Macro Partners in London (and ex-Morgan Stanley FX strategist) is telling The Wall Street Jorunal: ‘How much further can these sell-offs run? Whatever you think is reasonable, double it. These things always overshoot […] the timing of the taper doesn’t matter. People are debating September, October or December […] give me a break. The economy is turning. Developed-market economies are bottoming out. The monetary policy we have is no longer appropriate, and there will be a gradual shift over time.’

Read the original article on the ‘IFA Magazine’ website.

Posted on the 23/08/2013 at 9:28am by joana.