MRB on WP – March 10, 2020
Phillip Colmar, global macro strategist and managing partner at research firm MRB Partners, told WP that though a global recession driven by the coronavirus outbreak is “a non-trivial risk,” it’s not in the firm’s base case. He thinks that allegories to the 2008 financial crisis are largely misplaced. Colmar shared the equities he thinks will win out in this market, as well as the moves policymakers can make to re-start equity growth.
“I know the bond markets coming off that kind of fear are priced for a deep recession, a deflationary shock,” Colmar told WP. “But I just can’t come up with the numbers that make that make sense.”