A London-based strategist, one of few to forecast the slump in emerging markets that began in 2011, sees no sign of a turnaround.
Sat, Feb 27, 2016 - 5:50 AM
WORRYING: One of strategist John-Paul Smith's big concern is China, where he predicts a financial crisis will strike as soon as this year. Non-performing loans are poised to surge as borrowers pile on debt to repay their existing loans, he says.
IF JOHN-PAUL Smith is right, some of the world's biggest investors are setting themselves up for a major disappointment.
The London-based strategist, one of few to anticipate the slump in emerging markets that began in 2011, sees no sign of a turnaround and says the...