2 Jun 2014
Good week ahead for risk appetite - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects a favourable context for riskier assets.
Key Quotes
"When the history books of the period after the great financial crisis have all been condensed into a consensus view for future students, the conclusion will be that central bank asset buying and super-low interest rates, coupled with regulatory changes to make banks safer and fiscal austerity to get debt levels back under control, did much more for asset prices than for economic growth, and in the process, increased economic inequality".
"Future students, who will know so much more than their parents and predecessors, will think this is obvious. So, with the PBoC easing RRRs a bit, the ECB to expected to do more, and the Fed still committed to its dovish bias, we look forward to a good week for risk assets."
Key Quotes
"When the history books of the period after the great financial crisis have all been condensed into a consensus view for future students, the conclusion will be that central bank asset buying and super-low interest rates, coupled with regulatory changes to make banks safer and fiscal austerity to get debt levels back under control, did much more for asset prices than for economic growth, and in the process, increased economic inequality".
"Future students, who will know so much more than their parents and predecessors, will think this is obvious. So, with the PBoC easing RRRs a bit, the ECB to expected to do more, and the Fed still committed to its dovish bias, we look forward to a good week for risk assets."