Opalesque Exclusive: Macro hedge fund manager applies US-centric view: ` global economy can no longer rely on the US consumer to generate demand`
Benedicte Gravrand, Opalesque London: “The story that is not being told,” said Gerard Gardner, portfolio manager at London-based North Asset Management, “is that we are going through a fundamental retrenchment of US demand, based on US demographics. The result of this is that the global economy can no longer rely on the US consumer to generate demand, and therefore set prices. Our whole approach at North Asset Management...
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