Top fund manager believes global instability isn't stopping anytime soon

Top fund manager believes global instability isn't stopping anytime soon. Hugh Hendry, the head of Eclectica Asset Management, made some pretty grim predictions about the future for the market. He sees financial problems continuing in nearly every major economy. Rising debt yields in the US will cause rates to go up around the World and create problems for emerging markets. For example, Brazil is currently struggling with high inflation and borrowing costs at 7.1%. China's credit crisis will get worse which will hurt countries that export to China. Hendry is very bearish on the Euro as well. Japan is one of the few places that might weather the financial storm as Abenomics could help the country better manage external shocks. (VIEW LINK)