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Capel Cure Myers predicts US profits recession

Fund manager Capel Cure Myers says that the soft landing in the US that many expected to see next year could turn into a hard landing.


The fund manager adds that while the US economy is by far the strongest in the world, &#34corporate America now faces the prospect of a profits recession and it will only be a matter of time before this transfers to the wider economy&#34.


The manager is predicting a quarter point cut by the Bank of England at this week&#39s meeting but it notes that Continental central banks have chosen to leave rates as they are.

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