Life after QE? Sovereign debt and double-dips – corporate bond and property yields appear the best bet

Reflecting on the last quarter of 2009, whilst the main UK & US equity markets did not fall back as we suspected they might, they have traded sideways for several months now. Many of the reasons for our previous caution remain valid today; in fact we believe that the continuation of the Quantitative Easing (QE) programmes on both sides of the Atlantic have merely delayed the correction.

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