Few would dispute that the Federal Reserve’s enormous doses of monetary medicine this year were necessary to alleviate the worst economic impacts of the coronavirus pandemic. But every treatment comes with risks and side effects, and the aggressive intervention by the U.S. central bank added significantly to the ranks of …
Read More »Reduced dividends, softer growth and an economy haunted by zombie companies — that’s the postpandemic future seen by this Odey fund manager
A portfolio manager at one of London’s leading hedge funds has warned of a future haunted by “a more Soviet outcome” from countries defending their economies against the coronavirus. Tim Bond, partner and portfolio manager at Odey Asset Management, told MarketWatch: “Dog will no longer eat dog. Instead, all will …
Read More »