Salient to Investors:

Bruce Stout at Aberdeen Asset Management said:

  • Central bankers are going round and round in the credit cycle believing that reducing interest rates will cure the illness that’s completely different from the past.
  • We are no further ahead defining the main issue: the crisis of public sector indebtedness, which will take a decade to make any kind of dent.
  • Buy companies with solid earnings and dividends and don’t be swayed by the markets.

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