Asset Allocator's Soapbox: David Hambidge

Following more than ten years of declines in the world’s major stockmarkets (make that 20-plus years for Japan), it is hardly surprising that investors’ love affair with equities is waning. Certainly, from a macro perspective it is hard to make a bullish case for stocks and particularly in the developed regions, which are likely endure sub-trend growth for many years to come. Taking the UK as an example (and we are not alone), we are about to be hit with a painful combination of higher taxes and substantial cuts in government spending, which will probably lead to a rise in unemploymen...