4:45 p.m.

The Currency Question: Facts and Misconceptions

Intelligence Capital Limited
Moderated by: Vincent Duhamel, CFA

  • Currencies are bonds, not equities: Long-run currency risk is about too much inflation, not too little growth
  • Technical competence versus political biases: Overly indebted, young populations are voting for inflation and getting currency weakness
  • The coming century: The U.S. century was built on the ashes of sterling balances; the Asian century will be built on the ashes of dollar balances¬†