Chinas’s Covid Policy endangers the global Economy

Capital markets are gripped by extreme uncertainties. The fight against inflation has begun in the United States. Although Till Christian Budelmann, Chief Investment Officer of the Swiss private bank Bergos, does indeed expect inflation to subside, low inflation rates of the kind enjoyed in the last decade are gone. The war in Ukraine poses challenges particularly for Europe and the lockdowns in China are causing severe, worldwide supply chain disruptions. At the same time, investors are confronted with falling equities and bonds, as well as punitive interest rates on cash. Alternative Investments can mitigate losses. Looking forward, it is clear that equities have to continue to serve as a source of investment returns, while bonds could play a more important role in investment portfolios only at a later time.(..)