45.55 F
February 26, 2024
PI Global Investments

Stay safe: A financial crisis could still be on the way

As we start 2024, we turn to a pressing investment concern. Our readers must be asking the same question we are: what if we’re wrong? 

We have argued that the “primary trend” in markets turned around in two moves: first, bonds topped out in July 2020; then, stocks reached their apogee at the end of the following year. We urged investors to move to MSM – “maximum safety mode” – while we awaited a crisis. Deflation was the immediate threat, not inflation. Higher interest rates would cause financing problems, we believed. Another shoe was bound to drop – a penny-loafer of a big company suddenly unable to pay its bills, a steel-toed government debt auction going “no bid”, a fast-moving crash in the stock market.

Source link

Related posts

We Wouldn’t Be Too Quick To Buy Magellan Financial Group Limited (ASX:MFG) Before It Goes Ex-Dividend


J.P. Morgan Global High Yield & Leveraged Finance Conference and Scotiabank Energy & Power Conference


China emits fresh signals on building a financial powerhouse-Xinhua


Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.