Peter'spatter

Recent talk of green shoots has given a us all a bit of hope heading into the summer, but Peter Bickley, chief economist with Deutsche Bank Private Wealth Management says while we may be on the road to recovery, the road is a pretty long one. Here, Bickley explains how a degree in history and breeding alpacas can offer a different perspective when it comes to understanding the global economy

The recent economic crisis has seen a spate of dark comparisons with previous recessions, but are there really any lessons to be learnt from looking back and can it help investors in the current situation? Peter Bickley, chief economist at Deutsche Bank Private Wealth Management thinks this strategy may be a bit of a red herring. "Every crisis episode is actually different; the policy risk boxes are different both in terms of what is required and what they do, and so inevitably the outcomes will be different," explains Bickley. As an example he points to the 1987 crash when equity markets...