In 2009, Mohamed El-Erian predicted that the global economy was entering a "new normal" a period of sluggish growth as the hangover from the credit bubble endured. He is no more optimistic about the outlook today.
His money "is mostly concentrated in cash", he told the Orange County Register in a recent interview. "That's not great, given that it gets eaten up by inflation." But there isn't any value left in anything else. "I think most asset prices have been pushed by central banks to very elevated levels."
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'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
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Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
