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.