JOHCM 's Elvey predicts problems in credit markets

JOHCM's Gordon Elvey believes the US rate cut will not increase the availability of d...

JOHCM’s Gordon Elvey believes the US rate cut will not increase the availability of debt financing to the global economy. Elvey currently runs the US Opportunities fund said lower interest rates will not solve the problems in the credit markets in the short term. The manager who has no exposure to banks or insurance stocks apart from Berkshire Hathaway said mortgage delinquencies are rising and the assets behind other structured credit products are going to see a continued charge off. Additionally, new data shows that Americans are now tapping their credit cards aggressively while incre...