The world economy is locked on a course towards an emerging markets crisis and a renewed slowdown in the US, despite the Federal Reserve’s decision last week to hold off on a rise in rates, according to one of 2015’s most successful hedge fund managers.
John Burbank, whose Passport Capital
has placed a number of lucrative bets against commodities and emerging markets this year, forecast that the Fed would be forced into a fourth round of quantitative easing to shore up the economy.
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