Monday, October 26, 2009

It’s all going to end in tears

Ruffer abandons gilts in fear of inflation

Ruffer has become the latest group to move out of conventional gilts and into their inflation-linked counterparts, as Schroders' head of global fixed income compared the UK's money-printing policy to Zimbabwe's. Nick Gartside, who has recently shifted into index-linked gilts, pointed out both countries had used quantitative easing to assist government financing, which in Zimbabwe's case has resulted in hyperinflation. Although the UK has condemned Zimbabwe's version of quantitative easing and has planned strenuously to avoid its ruined finances, both Mr Gartside and Steve Russell, investment director at Ruffer, have said inflation is now a real threat to the UK economy.

Posted by jack c @ 11:01 AM (843 views)
Please complete the required fields.

One thought on “It’s all going to end in tears

  • Nice post, jack c.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>