Omnishambles
Disclaimer: Your capital is at risk. This is not investment advice.
AAA: October Edition;
The World is in a mess and the Global equity bear market rages on. The situation in the United Kingdom is a complete and utter omnishambles. Ending the chaos and restoring credibility is a herculean task. Cuts will have to be made and a return to a version of austerity awaits.
In the USA, the Federal Reserve is determined to kill inflation and will hike interest rates further, crushing the economy in the process. The US Housing market is in free fall and predicts the US economy will fall into recession next year. Global equity markets remain in a bear market but are very oversold making a counter-trend rally likely between November and December.
