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Jitters over prolonged global expansion cycle

With conventional wisdom favouring another 3 years of the current cycle, equities rather than bonds remain a safe bet.

FROM December 2015 to February 2016, the MSCI World Index lost 14 per cent and markets remain unsure of why it happened. In the subsequent months, the MSCI World Index recovered nearly all of its losses and markets are also not very clear about what changed.

Since December last year, the...