New York | The correction in equity markets is not over, risks of a sovereign debt crisis are brewing, and the Biden administration’s Inflation Reduction Act (IRA) is a non sequitur, says one of the most high-profile Australians on Wall Street, Matthew McLennan.
As the co-head of the global value team and portfolio manager at the $US124 billion ($184 billion) First Eagle Investments, his views – which also include going long gold – don’t make him especially popular.
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Matthew Cranston was The Australian Financial Review’s United States correspondent.
