World’s richest families stockpiling cash
360 global single- and multi-family offices were surveyed for the 2019 UBS Global Family Office Report, which was done in conjunction with Campden Research. A majority expect the global economy to enter a recession by 2020, with the highest percentage of gloomy respondents in emerging markets. About 42% of family offices around the world are raising cash reserves. Bloomberg's Tom Metcalf and Lisa Abramowicz speak on "Bloomberg Money Undercover"