JP Morgan blames UK’s recession on austerity, but Skandia sees cheap stocks
LONDON | J.P. Morgan asset management had some cold words on the news that the UK has entered a double dip recession. Tom Elliott, global strategist at the investment company said that “For most people, the country has felt like it has been in recession since late 2008, so news of an official double dip will be no surprise.” In a short note released after the British office for national statistics…