Ruffer: 'Gravity' set to reassert itself on financial markets as recession looms

Elliot Gulliver-Needham
clock • 2 min read

"Gravity" is about to reassert itself on financial markets as the weight of the recent string of rate hikes filters through to the real economy, Ruffer Investment Company managers Duncan MacInnes and Jasmine Yeo have warned. "We stick to our increasingly unfashionable belief that record monetary tightening's full impact has yet to be felt," the managers said in their monthly fund report. Ruffer makes first ever buyback in near 20-year history amid poor performance MacInnes and Yeo warned that China's re-opening had been "sputtering", as its $60trn property market has struggled ...

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