Old Mutual is increasing its weighting in bonds in its global portfolios as fiscal discipline has im...
Old Mutual is increasing its weighting in bonds in its global portfolios as fiscal discipline has improved among western governments. This is going along with inflation being well contained, generally, not only at the level of final prices but also in terms of wages and raw material costs. Even oil prices are easing back as Saudi Arabia raises production. The outlook for bond investors is good. Ten years ago, the "twin deficits" had become a staple of US economic and political commentators. Two Republican presidents had allowed the budget deficit to grow hugely by the end of Bush's term. ...
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