By Thomas A. Martin, CFA, Senior Portfolio Manager – GLOBALT Investments,
The eponymous Emergency is inflation. The patient is the U.S. (and for that matter, the whole world) economy, the inducers (doctor? mother?) are the central banks, the Syrup of Ipecac being forced down the throats of the hapless patient is the raising of those pesky interest rates, and the capital markets are…well…
