Much to ponder for Schroder managers

Recessions, earnings downgrades, broken bond markets and continued volatility were just a handful of the themes discussed at today’s Schroders’ London investment conference. There was a prevailing sense that governments and global central banks have gone as far as they can to breathe life back into the banking sector. Alan Brown, the group chief investment officer, said the measures taken had “put a lid on the banking problem”, but the economy overall was “not out of the woods”. Keith Wade, the chief economist at Schroders, said his realistic scenario is an extended period of global weakness with a modest economic recovery starting in 2010.