Aberdeen to prepare for hard landing

Aberdeen Asset Management sees current global economic performance as the worst investors have had to face for 20 years. The one fundamental difference is that it is being caused by a disinflationary slump rather than by the inflationary problems of the past. James Clunie, head of strategy at the group, said the attacks on the World Trade Center in New York intensified what was already happening in the markets and moved the US and global markets to a hard landing as consumer confidence suffered from the shock. Still, Clunie is positive on a strong recovery in the not too distant futur...