Jon Ungphakorn is an elected member of the Thai Senate and committee member of the Asean Inter-Parliamentary Caucus on Democracy in Myanmar. He recently received the prestigious 2005 Ramon Magsaysay Award for Government Service for his work with communities affected by HIV/AIDS and for his work on human rights issues in Thailand.
The longstanding negative correlation between stock and bond prices is an artifact of the low-inflation environment of the past 30 years. If inflation and inflation expectations continue to rise, investors will have to rethink their portfolio strategies to hedge against the risk of massive future losses.
shows why the hedging strategies of the past three decades may no longer make much sense.