Bolton dismisses double dip talk once again

Fidelity star manager Anthony Bolton has once again reassured investors the global economy can escape the dreaded double dip.

Bolton, the Fidelity China Special Situations manager, first told investors back in July the global economy could avoid going back into recession and has reiterated this position. Despite a deterioration in economic prospects over the past couple months, Bolton told a conference in Shanghai earlier today the world "is not going to a double dip", Bloomberg reports. Fears of a double dip have eased in recent days, as figures out of the US show signs of improvement. Even today, jobless claims unexpectedly fell to 450,000 and producer prices in climbed for a second month. Back in July,...