Introduction

Part two of our interview with macroanalyst andfo mor bond portfolio manager, alphonso peccatiello. Alf sees a pronounced economic contraction ahead, as well as a further decline in the stock market. He says he is running a 20 billion dollar portfolio which includes shorting riscasets - those are the russ of two thousand. And then i have a position in the bon market, which basically positions for a flatter ilt curve,. So i expect shorter bondill to continue go up, while long and bondild not to be able to go up that fast.