Dealmaker Moelis reveals what scares him most about markets
The legendary investment banker, whose alarm bells go off when everyone is in agreement, predicts a 12-18 month ‘grind’ before governments are on top of inflation.
Billionaire investment banker Ken Moelis warns financial markets face a “long grind” as the US Federal Reserve raises interest rates to tackle stubbornly high inflation, and cautions investors there’ll be sudden, unexpected shocks, as hidden leverage is revealed.
“In the last 20 years, we’ve had two massive problems – the global financial crisis and COVID-19,” he tells The Australian Financial Review in an exclusive interview.
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Jill Margo was a senior writer at The Australian Financial Review.
