kaum jemand vorausgesagt, aber da ist keine Reue and kein Anstand erkennbar, wie Ihr der Adresse in meinem letzten Posting entnehmen könnt.
When Markets Collide: Investment Strategies for the Age of Global Economic Change By Mohamed El-Erian McGraw Hill, $27.95 (£15.99) His title refers to several different ?collisions?. The greatest is between the market of yesterday (centred around the US and based on an assumption that credit can continue to expand) and the markets of tomorrow, in which the centre of gravity has shifted to emerging markets ? where sovereign wealth funds are important actors ? and where many contradictions in the way the financial services industry works have been painfully resolved. Presciently, as this book went to press before a renewed inflation scare this summer, he also warns that the pressures that emerging market growth puts on resources will lead to higher global inflation.
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