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Speaker : Altaf Kassam
When we think about the risks to our outlook, um, there's three things I think that I'd like to emphasize. One is that markets seem, uh, very optimistic right now almost to the risk of complacency. And, uh, even though that's not a risk in itself, it does leave markets more fragile and vulnerable to shocks. Now, where could those shocks come from? One, uh, source could be potentially sustained higher inflation or a policy misstep, which, uh, kind of accelerates a move towards tighter monetary policy, which the market isn't ready for. And then 00;00;35;06 finally, if bond yields rise for good reasons in response to evolve in growth as well, then again, if the market isn't prepared for that, then in its fragile and more complacent state that could provide a risk to our quite optimistic outlook.
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