Political Risk and the Global Business Environment

Because we are still in a globally integrated economy, stimulus in one country has global effects. The current coordinated spike of commodity prices is rare and has only been seen in the two world wars.. The consequences of these price shocks have a much greater effect in emerging markets. Ferguson discusses the possibility of these spikes leading long term to inflation, which is good for households but bad for banks.

Speaker: Niall Ferguson
By CME Group - Thu Dec 08 10:01:00 CST 2011 CT
Related Keywords: Market Fundamentals