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Symptoms Of Liquidity Excesses May Not Fade Quickly: Neelkanth Mishra, Credit Suisse
Markets may "flat-line" for the next 12 months but a sharp correction is unlikely, said Credit Suisse' Neelkanth Mishra.
While central banks globally and locally are starting to taper emergency accommodation introduced during the Covid crisis, the risk-taking behavior that these policies induced may not wind down in a hurry, said Neelkanth Mishra, India strategist at Credit Suisse.There is a large number of people who haven't even seen a 10% drawdown and have seen steadily more speculative bets become more successful because the market just hasn't fall...
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