Financial Times/Richard Milne and Robin Wigglesworth/1-31-2022
“Equities and bonds to suffer as steep rise in rates becomes lasting feature of economy, says Norwegian oil fund boss.”
USAGOLD note: Not the sort of thing likely to play well in trading rooms in the world’s major financial centers ……“How will it pan out?” asks Nicolai Tangen, head of Norway’s $1.3 trillion sovereign wealth fund. “It hits bonds and shares at the same time . . . for the next few years, it will hit both.”
