Thames River manager heralds in the 'age of thrift'
Thames River's Paul Thursby says we have entered the age of thrift seeing deleveraging and debt reduction as dominant stories among a rapidly weakening labour market. The manager of the boutique's Global Bond and World Government Bond funds says there is a powerful surge in private sector savings underway which will dwarf the stimulated impact of public sector spending. The manager says he is bullish on bonds, but only high quality sovereign debt from the UK, US, Germany and France, which will be his only investments for the foreseeable future. Thursby expects a strong rally in sovere...
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