Michael Hasenstab, chief investment officer of Templeton Global Macro looks at the world and sees a monetary experiment filled with economic and political risk. Those risks can take the form of political populism taking hold in developing markets including the US but most specifically Europe and interest rates suddenly rising as a result of interest negative rates backfiring in Europe and Japan.
Hasenstab: The rise of populism biggest risk to economic stability
“The biggest risk the world faces is the rise of populism,” Hasenstab stated at a media gathering at the Morningstar Investment Conference in Chicago. Voters in the US but more specifically Europe embracing populism “would be counter to providing the growth necessary to provide jobs.” He notes the...
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