How close is the next US recession?
Things may look good right now, but they could deteriorate quickly, believes LGIM’s James Carrick. However, others believe the US economy will continue to power ahead.
LGIM
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Asset manager pessimism on US and EM deepens further
Return expectations from US equities among asset management companies are at a post-financial crisis low. EM equities may look cheap after last week’s correction, but asset managers have their reasons to stay sceptical.