Assume inflation is the biggest threat to your investments? Maybe not: One fund supervisor that efficiently navigated the previous two main inventory crashes is bracing for an terrible finish to the yr as a result of it fears the Federal Reserve’s quiet exit from bonds.
London-based Ruffer LLP is anxious that the accelerating runoff of the Fed’s Treasury holdings will suck liquidity out of the markets—simply as rising charges and falling inventory and bond costs improve the necessity for money to easy the drop.
