13 Jan 2015
Volatile times ahead - SG
FXStreet (Guatemala) - Kit Juckes, Global Head of Currency Strategy at Societe Generale suggested volatility ahead.
Key Quotes:
"The 950 pages of Thomas Piketty's 'Le capital au 21eme siecle' may be the fashionable economics read of recent times but the last few days continue to highlight the prescience the work of Helene Rey (Dilemma not Trilemma)".
"I've cited Professor Rey before because her work on the drivers of global market volatility really showed what market participants have been able to see for a long time - that it was super-easy Fed policy which anchored pretty much all measures of volatility and therefore promoted the risk-friendly investment backdrop of recent years".
"And the end of super-easy Fed policy brings with it more turbulent times, of course...."
Key Quotes:
"The 950 pages of Thomas Piketty's 'Le capital au 21eme siecle' may be the fashionable economics read of recent times but the last few days continue to highlight the prescience the work of Helene Rey (Dilemma not Trilemma)".
"I've cited Professor Rey before because her work on the drivers of global market volatility really showed what market participants have been able to see for a long time - that it was super-easy Fed policy which anchored pretty much all measures of volatility and therefore promoted the risk-friendly investment backdrop of recent years".
"And the end of super-easy Fed policy brings with it more turbulent times, of course...."