Campbell Harvey, Professor of Finance at Duke University, is optimistic there will be a vaccine developed in the fourth quarter of this year, a period where he also predicts a return to economic growth. However inflation is his biggest fear.
The US Federal Reserve’s decision to make its treasury bond-buying program open-ended will not be enough to ease the extreme liquidity crisis despite Wall Street rallying on the news, according to Campbell Harvey, finance professor at Duke University.
Investors have pulled $83 billion from emerging markets since the beginning of the COVID-19 crisis, the largest capital outflow ever recorded, and the IMF and the World Bank are calling on G20 countries to show relief in dealing with their emerging market counterparts.
The pace of technological change and advances in machine learning and quantitative methods will result in a “shake out” in investment management according to Campbell Harvey, Professor of Finance at Duke University.
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