Troy asset management recently released their April 2010 Investment report.
I previously wrote about Sebastian Lyon, the CEO of Troy Asset Management in the article Insightful talk with undiscovered star fund manager
His latest report also does not disappoint. He talks at length of his view of the UK economy and the hard times still to come once the new government is in place saying:
“The virtues of prudence have been well and truly abandoned. While we may hope for the best as investors, we should prepare for a loss of faith in government bond markets, which will result in a much higher cost of capital. Government bonds, traditionally low risk assets, look anything but safe.”
The whole report is definitely worth 10 minutes of your time.
