by Capital International Asset Management
Many recent events troubling investors can be attributed to the same thing - - the "debt supercycle," explains fixed-income portfolio manager, Jim Mulally, in this video clip:
"There are still incredible amounts of leverage in the system. Some was written off in 2008-2009, but a lot of it was just pushed onto the government...We reshuffled the deck, but the debt is still there."
Jim is an economist by training and worked at the U.S. Federal Reserve before joining Capital in 1980.
In other clips, Capital Research and Management Company portfolio managers Martin Jacobs, Greg Johnson, Wesley Phoa and Brad Freer share their views about government efforts in various countries, the markets' response and potential opportunities for investors.
Markets, investors at a crossroads
VIDEO (16:28)
TRANSCRIPT
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