Fund update | December 2016
The Odey International Fund returned -1.6% for the month of December.
Limited global productivity growth
In his report, Crispin Odey considers the impact of limited global productivity growth, "We have a problem today. We have almost no productivity growth across the globe. Productivity was growing at over 2.5% going into 2005/06. It is now barely above 0.5% and in many countries it is negative... Cash has been poured into the world economy without seeming to have any beneficial effects on growth."
December 2016 fund update