Safe havens are at risk of a battering

Strategies that have protected investors in past sell-offs aren’t working anymore, says Alice Gråhns.

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Christine Lagarde: beware an IMF chief bearing good news
(Image credit: 2017 Getty Images)

Christine Lagarde, the manager director of the International Monetary Fund (IMF), had some good news to report when she turned up in Davos three weeks ago, says Larry Elliott in The Guardian. The IMF's latest forecasts show that growth is stronger than expected almost everywhere. But Lagarde also came with a warning not to get too carried away about the health of the global economy. "There is also significant uncertainty in the year ahead," she said. "The long period of low interest rates has led to a build up of potentially serious financial-sector vulnerabilities."

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Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.