Fitzsimmons cites fine line between growth & inflation

Threadneedle government bond head Quentin Fitzsimmons believes market conditions are dire but curren...

Threadneedle government bond head Quentin Fitzsimmons believes market conditions are dire but current spreads are providing sufficient support. "The US is still mired in this very difficult economic slowdown and I do not think we should be under any illusion the recovery process is going to be anything other than very drawn out," he said. "The European economy as a whole is slowing down and the pressure is on to cut interest rates but in fact the European Central Bank has just put them up." He said this will be a cat and mouse game because central banks will have to dance a fine line ...