Citi exec paints gloomy economic picture

11/27/2012 | Reuters

Richard Cookson, chief investment officer of Citigroup's private bank, has voiced concerns about major economies, saying China's "demographics stink," Europe is on the ropes, and U.S. corporations are overstating balance sheets. Cookson says the only way for investors to profit in this environment is to catch cyclical upswings.

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