Two Biggest Risks Now Are China and Inflation, Market Veteran Says
- Investors overlooking potential risks: GAM’s Larry Hatheway
- Risk is that inflation surges despite little evidence yet
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Larry Hatheway, who’s spent decades poring over the mechanics of financial markets and investing, says his two biggest concerns right now are China and inflation.
As the long-running bull markets in global equities and fixed-income rage on, the 59-year old head of investment solutions at GAM said they are the two largest potential risks over the next three to six months. A slowdown in Chinese growth spurred by the authorities’ restraint of credit creation would be a surprise to the market that it is not anticipating, he said.