LOS
ANGELES, Aug. 9, 2022 /PRNewswire/ -- In a new
research paper, DoubleLine Global Bond Portfolio Manager
Bill Campbell concludes Russia's financial resilience in the face of
Western sanctions has demonstrated the China-Russia
axis as a viable political and economic rival to the West.
"In light of Russian resilience, including the strength of
Russia's currency and current
account surplus," Mr. Campbell writes, "the China-Russia
axis has gained credibility as an exemplar to other sovereign
governments seeking alternatives to a world order once dominated by
the G-7 countries.
"Western sanctions against Russia have not only failed to work as
intended, they also have accelerated trends in global trade and
finance to the disadvantage of the West. Investors should keep
these developments on their radar, as resulting opportunities in
emerging markets and infrastructure projects are likely to become
more apparent in the quarters and years ahead."
To read the paper, please click on this link:
https://doubleline.com/wp-content/uploads/China-Russia-Axis_Campbell_8-8-2022.pdf
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SOURCE DoubleLine