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Teresa Ter-Minassian

Teresa Ter-Minassian

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Teresa Ter-Minassian is a former director of the Department of Fiscal Affairs at the IMF. She headed the IMF’s negotiations with Brazil in the late 1990’s.

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  1. roubini160_Spencer PlattGetty Images_stock market Spencer PlattGetty Images

    Inflation Will Hurt Both Stocks and Bonds

    Nouriel Roubini

    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.
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