A happy New Year to all you contrarians out there! I am not going to bother wasting your time with what I think may happen this year because I genuinely do not have a clue.
What I am much more interested in is what might go wrong and how I can provide some protection for the worst outcomes. For me, the trump card in terms of unknowable unknowables comes from Jim Leaviss and his colleagues on the bond desk at M&G. For them, the big story of the coming decade is two-fold. Firstly, our government is bust, one way or another. It will not actually formally default on its debt but it will do everything it can not to live up to the actual, real value of its debts, especially as all that off balance sheet stuff comes back ‘on’. I am guessing that at that poi...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
