As has been reported many times, this business cycle has continued for a long time.
It has been weaker than others and had its share of hiccups but, broadly speaking, things have improved. The question now is: how long will the good times last? Whether we are approaching the end of the cycle or we are at the end of it is moot. What is clear, is that we are much nearer the end than the beginning. This sets a challenge for investors - how do you invest late in the cycle? JPM's Shah: A macro guide to the late cycle Let us start with the fixed income space. Traditionally, bonds - and government bonds in particular - have been seen as 'safe' assets. The problem is...
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