Economics: Investors and economists remain cautious on US

Despite reports of fresh optimism for the world's biggest economy, investors and economists remain c...

Despite reports of fresh optimism for the world’s biggest economy, investors and economists remain cautious on the US market. Peter Bickley, chief economist at Tilney, warns against building a US investment strategy based on misconceptions about the current US and global conditions. Bickley says he has been hearing talk of investors becoming positive on America though he stresses that he believes the thinking is wrong. “The argument is if global growth slows next year, as some people expect, then investors will go to the perceived safety of the big-cap US stock market, which is less vo...