Deflation to drag down S&P 500
- 5 years ago
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Russell Napier, stock market historian, predicted in 2009 that easy monetary policy would drive a long rally in stocks, followed by a crash taking the S&P 500 below its 2009 low. He tells John Authers he sticks by that, but now thinks it will be driven by deflation, not inflation.
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Russell Napier, stock market historian, predicted in 2009 that easy monetary policy would drive a long rally in stocks, followed by a crash taking the S&P 500 below its 2009 low. He tells John Authers he sticks by that, but now thinks it will be driven by deflation, not inflation.
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes