Edmund "Ted" Kelly,CEO of privately held insurer Liberty Mutual Group,sees high single digit inflation in the 2014-15 time frame.We're in hard assets such as oil and gas,mining and minerals to protect ourselves.
Cheap money is pumping up the financials and making credit too available,and we're concerned about it.
We very much like China,Vietnam,Thailand,Brazil.We're strong on the Iberian Penninsula-Spain and Portugal-as well as Turkey and Poland.What we have seen in China is a remarkable ability to manage the economy,Mr.Kelly noted.
Liberty Mutual does not intend to go public anytime soon,in light of commercial insurers cutting prices recently,which tends to devalue insurance company stock.
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