By Nick Clay, Newton, a BNY Mellon Company

As asset markets have risen, incomes stagnated and valuations become more expensive, consumers, companies and governments have become ever more dependent on debt, with little regard for the long term consequences. 

 The value of investments can fall. Investors may not get back the amount invested.

For Professional Clients only. This is a financial promotion and is not investment advice. Any views and opinions are those of the author, unless otherwise noted.

For further information visit the BNY Mellon Investment Management website. INV01085 Exp 31 May 2018.

This article was provided by BNY Mellon Investment Management and does not necessarily reflect the views of Citywire