Investors seek longer term resolution to eurozone crisis

ON UK INCOME

Old Mutual's Stephen Message says policymakers have only implemented solutions that will fix the sovereign debt crisis in the short term.

Within the past week, equity markets have sold off aggressively on the view the global economic recovery is losing steam and we may be heading back towards recession.  The disaster in Japan has led to disruptions in the global supply chain. An oil price spike, following tensions in the Middle East, has dented consumer confidence and contributed to disappointing economic data releases. The only positive at present is businesses are delivering solid results, with cautiously optimistic outlook statements. There is a conflict between what companies are telling us and what equity markets a...