Feb 16: Gerald Lucas on sovereign credit risk

Part 3: Gerald Lucas, senior investment adviser at Deutsche Bank says the US has benefited from the recent crisis in the short-term, however, in the long-term "there will be pressure on the US in order to get its house in line". He predicts a lot of volatility in the markets in 2010, especially in the later half of the year, and that the Fed will begin its tightening cycle in the third quarter of this year.