MAV - New Year's Resolutions For High-Income Investors
By Gershon Distenfeld and Will Smith
First, the bad news: high-income investors should saddle up for another bumpy ride in 2019. Now the good: with challenges come opportunities - and we see plenty on the horizon for investors who take the long view.
We expect global growth to slow next year, inflation to rise, and tight market liquidity to get even tighter. That won't come as a big surprise to most investors. After several years of expansion, large economies such as the US and China are moving into the later stages of the credit cycle