Leaviss: We must live with volatility as Euro problems continue

M&G's Jim Leaviss believes investors need to learn to live with heightened volatility as the reappearance of the European debt problems highlights the fragility of the global economy.

Leaviss, the head of retail fixed income at the group, says the days of sustained economic growth and low inflation are a thing of the past. "We just have to learn to live with volatility," Leaviss says. "We are not going to get back to this period we were in 2005/06, when it was good news all of the time - what Mervyn King called the ‘Nice' world. This is business as usual in a post-Lehman world." On the European problems, Leaviss says the issues on the Continent are unlikely to go away in the near-term. "Eventually it looks likely the big Europe bailout fund will get used. Thi...