Mark O’Byrne executive director sees the warning by Ian Spreadbury ( A Fidelity Bond Fundd manager who oversees £4 billion of clients’ money ) as a tuning point.
Spreadbury told Telegraph Money “Systemic risk is in the system and as an investor you have to be aware of that.”
He believes that the record debt that has been ballooning since the crisis of ’08 due to interest rates being forced down to near zero by central banks. This debt, particularly where mortgages are concerned, would likely become unsustainable if, and when, rates rise to realistic levels.
“We have rock-bottom rates and QE is still going on – this is all experimental policy and means we are in uncharted territory.”
For now though around the globe complacency rules!
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