View the article online at http://citywire.co.uk/wealth-manager/article/a759964
Beware: the impending ‘debt trap’ is upon us
by Danielle Levy on Jul 04, 2014 at 13:22
While QE has continued to power a bull market in equities, he expects this momentum to continue in the near term but warns of a 33% probability of an ‘upside melt-up’, where markets are driven upwards on momentum rather than improvements to the economy. He anticipates this could be to the tune of 15-20% over the next three to six months.
Against this potential backdrop, he has scaled back bond exposure and let cash in portfolios drift up to 10-15%, dependent on the client’s risk profile.
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As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
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by Libby Ashby on Jul 25, 2014 at 11:16