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Alliance Trust Chief Katherine Garrett-Cox Compares European Debt Crisis With Botox

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http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8775036/Alliance-Trust-chief-Katherine-Garrett-Cox-compares-European-debt-crisis-with-botox.html

The head of Britain's largest investment trust said the company had reduced its exposure to equities during the first half of the year and invested in higher yielding, defensive stocks ready for a prolonged period of uncertainty.

Her comments came as the company said its net asset value had climbed 0.7pc in the six months ending July 31, with its share price rising 3.1pc.

"It's a bit like botox," she said, referring to efforts to bail out debt-ridden countries. "It looks good for a while but will eventually start to sag again."

jocelyn-wildenstein-bad-plastic-surgery.jpg

To be honest if we are going to compare it to plastic surgery this is the outcome.

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To be honest if we are going to compare it to plastic surgery this is the outcome.

Each individual procedure appears rational, but in time it builds up to a grotesque distortion. Probably a good analogy for the state of our economy.

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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