Sharks In The Water
It has been a disappointing year for investors. The ASX 200 has returned -9.2% year-to-date thanks to a 13.6% drop in the last 3 ½ months.
Overnight once again, there is a lot of doom mongering in the newswires.
One article that is getting airtime in the Fairfax press this morning is “A global credit heart attack is just months away”. It talks about the US and Europe at risk of falling into recession within months in a repeat of events leading to the global credit heart attack in August 2007. In the article they quote JP Morgan saying that indicators are at levels consistent with a US recession that begins in the next 3 to 6 months although they see it as a shallow slump rather than a bloodbath. Another strategist says that the Fed have tightened...Continue Reading