Summary
THE US economy is "dysfunctional" and has become so perilously indebted that overseas investors should steer clear, a senior fund manager at Aberdeen Asset Management has warned.
Bruce Stout, who runs the pounds-496 million Murray International Trust, highlighted factors including the US's massive current account deficit, large fiscal deficit, zero personal saving ratio, high growth in household and consumer debt and overvalued housing market.See the full content of this document
Extract
Aberdeen Warns of Us Investment Risk
"US consumers and households have never before been as highly leveraged as they are now, which is not sur...
See the full content of this document
Sponsored links
