Paul Krugman is professor of economics and international affairs at Princeton University and recipient of the 2008 Nobel Prize in Economics.
Which of the following global risks is the worst from the institutional investor’s perspective: first inflationary pressure?
I think that is extremely remote now in many countries. With lots of excess supply out there it’s just not going to happen. You can get pressures in the commodities markets, but they are not going to spread into a broader inflation.
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