Timing of recovery difficult to predict

By Alison Sinclair, investment manager Britannic Asset Management How often have we heard the phrase, 'Its different this time?' But again and again this is proven wrong and we realise that nothing is really very different after all. It is now over two years since the US Federal Reserve started easing monetary policy and rates have fallen from 6.5% to the current 1.25% over this period. So for two years we have been subject to research reports recommending which stocks to buy after each subsequent cut. The returns have diminished somewhat after the 10th cut and the arguments h...