• A $733 billion investor says Wall Street is in danger of being ambushed by a powerful force brewing in the US economy

    3 monthes ago - By Business Insider

    Investors are underestimating the US economy's potential to grow faster and generate even more inflation than expected, says Sonal Desai, the director of research for Templeton Global Macro.
    Higher inflation would extend the sell-off in Treasurys that has taken the 10-year yield above 3%, she said.
    While speaking at a conference in Frankfurt late in 2017, Sonal Desai forecast that the 10-year Treasury yield would easily top 3% sometime this year.
    Desai, the director of research for Templeton Global Macro, recalls that the audience laughed.
    "I feel somewhat vindicated by what happened a few...
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