Perfect storm brewing (again)....brace for a pounding. Headline indicators:
-Stagflation USA (rising inflation, slowing economy)
-Oil price (Watch the airlines tumble - then knock on effect into hotels, credit card companies, car companies, hospitality in general)
-Credit crunch flowing into mortgages (USA)...cash rates at <3%....lending rates at >5-6%...
IMO the next pull to downside will be harder than the first....NB: It has only been 12month since bad credit/subprime came onto our radars....look out below!!
Best of luck all.
stagflation usa
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