Andrew Milligan, head of global strategy at Standard Life Investments, scrutinises Ben Bernanke's Jackson Hole speech.

Managers who feared lower rates for longer shine, while optimists lose out following months of turmoil in global markets

ON JAPAN

ON BONDS

A SCREAMING BUY?

August 2011 has come to an end and the final week was a bit calmer than the preceding three. The Bernanke speech was the highlight and, in many ways, the Fed Chairman had no major surprises for us.

ON ASIA

ON EUROPE

ON UK INCOME

ON UK GROWTH