Each week, a professional investor tells MoneyWeek where he’d put his money now. This week: Paul Abberley, chief investment officer, Charles Stanley.
For some time equity markets have been riding on an inflatable cushion, courtesy of the central banks and quantitative easing (QE). However, the central banks have now warned that they are about to start letting out some air.
So, the key question now is whether the global economy can keep growing as QE is wound down. If the global economy does continue to grow, and grow on a sustainable basis, we could get the long-term increase [...]