It's not often you get an opportunity to listen to an investment expert of the calibre of The Honourable Dr Philippa Malmgren, long-standing adviser to Deutsche Bank.
A leading consultant on the global political and policy environment and the influence on financial markets and the global economy, she regularly visits with leading policy-makers among the offices of heads of government, the boards of central banks and elected and appointed officials among the G7 countries.
In this video conference recorded live from London as part of the recent DWS Future Forum in Sydney, Dr Malmgren addresses:
what's really been happening in the central banking world and the sub-prime crisis (it actually doesn't have a lot to do with mortgages);
how central banks are addressing the issue, and the global trends of rising food prices and rising wage inflation (why we may yet see double-digit interest rates)
how politics is playing its part and adding to the pressure (and the shift in power is underway back to the real economy and workers)
the need to keep an eye on what's going on in the Middle East (why energy prices may go higher but they certainly won't fall)
The Honourable Dr Philippa Malmgren is President of London-based Canonbury Group. She served as an adviser on international economic issues to George W Bush during his Presidential campaign and then joined the White House and served as Special Assistant to the President for Economic Policy on the National Economic Council. She was also a member of the President's Working Group on Financial Markets and the President's Working Group on Corporate Governance. These days, Dr Malmgren helps investment professionals better understand how the global political and policy environment may influence prices in financial markets and the global economy.