Curse of interesting times

We live in interesting times. The Chinese blessing (or curse) seems to be pursuing markets well into 2008. The first quarter looks set to continue its volatile and uneven performance while the US Federal Reserve still appears to have no real plan for stopping the slide of the American economy into, at best, stagnation or at worst, recession.

The European Central Bank and Bank of England have taken a calmer approach to the financial upheaval. Decisions to keep rates on hold clearly put control of inflation as the number one priority for both. The real risk of the return to double-digit inflation is something Europe will do anything to avoid, while the Fed seems rather unconcerned with its worrying high headline inflation figures.

While the hedge fund industry tends to like volatility, this much uncertainty and market turmoil may be a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here