A Once Bullish Crispin Odey Fears Recession In Emerging Markets

A recession cannot be avoided by the central banks, says hedge fund manager Crispin Odey. They can only hope that the developed world will react to cheaper commodities by spending more, he said in a recent letter to investors reviewed by ValueWalk. If this doesn’t happen, the equity markets are probably going to run into trouble.

Crispin Odey: Emerging markets likely to suffer from a recession

Top U.K. hedge fund manager, Crispin Odey, thinks recessions are “very likely” to occur in the emerging markets, but this could be exacerbated by the strength in the U.S. dollar. He says by its very nature of the U.S. dollar being...