As a result, financial repression, say economists and fund managers at Schroders in London, is becoming as much a part of the new normal as is slow growth and deleveraging.
Last week, in an interview with Forbes, Allan Conway, a fund manager for Schroders in London told me that he expected the retailer to return to the market within the next few weeks, but that flow would not last for long.
The earnings of firms that own big fund managers (like Schroders and Merrill Lynch) are valued more highly than those (like Salomon Brothers and Lehman Brothers) that do not.