Australian economy growing. Unemployment remains at 5.2% with 40,000 jobs added.
No amount of potentially diabolical macro factors has brought the market to it's knees, and there's been plenty of D&Ger's cherry picking data and charts to support their case.
US economy growing. Chinese economy growing.
It's fashionable to be pessimistic about the global economy as it has been for many years but the market keeps on keeping on. Some people can justify it and believe it, most others haven't got a clue, they just want to sound smart....this is herd mentality at it's best....."I've got no idea but I'll join in anyway"....herd mentality. Fuelled by the media of course.
I'll continue to invest in a very select few companies that suit my investment style and have a history of earnings / dividends, or a very real prospect of generating free cash to pay as dividends, preferably companies with a decent history behind them.
The global economy is in a state never previously seen, low growth, record low interest rates.....yet the media keep banging on about the two year 10 year inversion which has picked recessions (not all of them) in the past. How can cherry picking filters and backfitting them apply to the uniqueness of the current global economy? It's like using the exact same maintenance procedures on diesel and electric cars.....
Probably the economy might settle somewhere in between sensible discussion as is usual, not at Armageddon where the D&Ger's would have us believe.
