Jupiter's Gibbs advises caution on global debt concerns

Jupiter's star financials manager Philip Gibbs says a double dip is looking quite unlikely but he has residual worries about longer term growth as developed nations tackle their huge debts.

He warns the real problems could arise in a few years time when countries like the US, UK and Japan have to reduce their deficits and could have to print so much money they will unleash inflation. "The credit problems lie at the heart of my concerns, particularly the debt levels in the US and Japan. If the US had to run a surplus where would we be? "The current recovery in the West is artificial. There is some inflation in the system but inflation is not going away and it may return as there is demand for resources in the Far East that we in the West are not producing," says Gibbs. ...