To safeguard against a depression, invest in the unlevered world

The worst case scenario today is a depression as in the 1930s. In such a scenario the non-levered places will be safest. Emerging markets will be by far the safest countries to invest in.

Jerome Booth of Ashmore

Jerome Booth of Ashmore

Jerome Booth

By Jerome Booth

When the price of a good rises people generally want less of it and the market self-equilibrates.

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