Slok: These Are the Only Things That Can Stop the Hunt for Yield
Low interest rates and extraordinary central-bank asset purchases have sparked an unprecedented search for yield in global markets. There has long been speculation about when this push will end, and the fear remains that the great displacement facilitated by unconventional monetary policy has left some portfolio managers swimming in relatively uncharted waters.
An answer, amid the uncertainty, comes courtesy of Deutsche Bank AG Chief International Economist Torsten Slok. Investors' headlong rush into riskier assets will only end if one of these four things happen, he says:
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