Hourican, who headed the investment bank, cut its balance sheet by two-thirds and made 10,000 staff redundant following the taxpayer bail-out. Yesterday, he said: “I don’t expect any thanks.
Year-ahead assessments of where the world economy and financial markets are heading customarily start with the US. In 2014 the path of the US economy and policy appears, for once, fairly settled.
In an interview for Money Observer TV marking Fundsmith Equity's third anniversary, Smith explains that he is worried that investors in emerging market funds could be caught in a 'liquidity trap' if there is a run on the asset class.