Join our community of smart investors

Video: The Poor Outlook for US Equities

Top economist Andrew Smithers takes on the stockbroker consensus about US equities
Video: The Poor Outlook for US Equities

While the consensus is broadly bullish on the prospects for the US stock market, top economist Andrew Smithers thinks that this faith is misplaced.

In the second part of our video discussion, he explains why US companies have nothing like the cash firepower that is widely believed, and why returns on Wall Street are likely to disappoint in 2014 and 2015. You can see the first part on the UK's dodgy economic recovery here.