“Higher interest rates will be a negative for commodities prices.”“The fiscal problems in the US are severe, but on a relative basis, they’re not as severe as in Japan, the euro zone and the UK,” he addded.
“The Fed will exit the zero-interest-rate policy faster than the BOJ, BOE and ECB [Bank of Japan, Bank of England and European Central Bank], and the dollar will strengthen.”“The model of growth is unsustainable ... [but China will become] more consumption-oriented and less resource-oriented.”
