We are living in a ‘real new economy’ era – Credit Suisse

But investors should expect a rocky ride

Time to rotate out of riskiest assets

And watch inflation like a hawk

Someone once said that when investment bankers start saying that the old economic rules no longer apply, it is time to push the sell button. But a ‘new-rules’ economy seems to be exactly what world renowned investment bank Credit Suisse was plugging at the annual CFA Society Cyprus Forecast Event last Thursday.

Credit Suisse Analyst James Sweeney argued that we are in an era of the “real new economy”, which marks an important shift from trends in the past. However, he was careful enough to point out that this new era economy also implies more volatility for financial market assets than before. He also recommended a shift from the riskiest emerging market assets to Europe, US and Japanese equities.

FOR FULL REPORT SEE Financial Mirror print edition of April 5 or go to www.financialmirror.com -> Research Centre-> Cyprus Economy-> World Economy