Befuddled is probably a term which characterises the state of mind of many seasoned investors at present
Befuddled is probably a term which characterises the state of mind of many seasoned investors at present. The past year has been characterised by low and easing volatility, anaemic trading volumes, but on the whole, reasonable investment returns and an absence of crises. In a world which remains plagued by enduring and as yet unresolved financial problems, this would probably have been a smoother than anticipated path. This tranquillity will undoubtedly be welcomed by policymakers as their grand plan almost always involves instilling consumers with sufficient confidence to ensure consistent and rising spending, further borrowing and the all-important low (but positive) reported inflation. None of our long term concerns have been assuaged and most have been somewhat accentuated. Most do not recognise the unsustainability of their path until it's too late... (VIEW LINK)
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