"Clearly great caution must continue to be exercised. Yet for those nations in Asia and the emerging world where intra-regional trade and domestic growth agendas continue to dictate economic policy, the prospects for lower interest rates and rising corporate earnings remain largely unchanged.”
David Scott, an adviser at Andrews Gwynne said global central banks had cut interest rates a decade ago to stimulate economic growth and it failed, so reverting to the same policy again as economies slow was an admission that the economic policies pursued over the past decade had failed.
Article continues after advert
He has deployed client capital into gold and other safe haven assets, and away from equities.
david.thorpe@ft.com
Page 2 of 2
