Creator of Financial Thriller ‘Devils’ Sees Economic Pain Ahead
- Italian author and CIO says get ready for volatility, slowdown
- ‘Devils’ TV series sees hidden global forces pulling strings
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Stocks have correctly priced in future interest rate increases but investors should brace for more volatility ahead and an economic slowdown, Guido Maria Brera, the Italian asset manager and chief investment officer who wrote the 2014 financial thriller “Devils,” said in an interview.
“For the first time central banks haven’t seen it coming and now the catching up is going to be painful,” said Brera, who in addition to being a novelist and one of the creators of the “Devils” TV series based on his book, serves as CIO of Kairos Group, which manages about 5 billion euros ($5.3 billion). “There will be jolts in the short term but in the medium to long term I remain positive,” he said.