Black swan sightings tipped for China, US
As nations lock horns in a geopolitical tug-of-war over global supply chains, the effects of RMB liberalisation and hasty tapering in the US could prove destabilising, warns Parag Khanna.
The next black swan event may occur in the US, rather than China, as hasty tapering and renminbi liberalisation may undo the benefits of quantitative easing in the former country, argues independent global strategist Parag Khanna.
The bull run in the US – the S&P 500 gained 30% in 2013 – may collapse if the tapering of bond purchases by the Federal Reserve is too aggressive, said Khanna at AsianInvestor's Investment Summit in Hong Kong last week.
There are growing concerns t…
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