Jeff Saut: Downside Hedging Now an Absolute Necessity
At a recent Bank Credit Analyst (BCA) investment conference entitled “Inflation and Deleveraging: A Turning Point In The Debt Supercycle?” a BCA “Special Report” paraphrased some of the presenters thus: “Martin Barnes opened the proceedings with the unenviable task of reminding participants just how bad the damage to the financial markets has been yet just how little we have come in the deleveraging process. In setting the scene he told of a client who had recently mentioned how annoyed he was becoming on constantly hearing the word ‘unprecedented.’"Many of the guest speakers who followed could not help themselves and ...
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