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FT Unhedged on “Picking Risks: What to own while waiting for inflation to fall”

10th OCT. 2022

Robert Armstrong notes in his column that “banks, for example, look as cheap as anything in the market right now. But consider a rather chilling chart from Ian Harnett of ASR …"

“ … showing the relative performance of banks and Sifis (systemically important financial institutions) versus non-financial companies, plotted against global manufacturing surveys. 

If a recession is coming (ASR thinks there is) banks are going to get whacked.” 

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