Why European bonds is the place to be

By Stewart Cowley, a fund manager at Newton There appears to be a battle being waged in the financial markets between the cyclical economists and secular gurus. On the cyclical side, economists point to the health of the consumer and their willingness to borrow to sustain growth (backed up by notions of increased government spending) while the secular gurus highlight the readjustment of the markets to a period of over-investment that is only now being worked out. The argument hinges around a US economy that has become flabby due to corporate America's over-consumption of forei...