Balfour Capital Group Warns of Rising Global Recession Risk
Industry: Financial Services
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Luxembourg, Europe (PRUnderground) June 21st, 2022
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Mervyn Taylor -As Head of Dealing for Balfour Capital Group and being in these markets since 1986. I can say it’s” the rise of the machines “, meaning volatility will lead to more computerized and algorithmic trading, thus immense opportunities globally.
As far as a recession, the big question is has the market factored that in? It is very possible that Dow could go to 28,000 , Gold rally to over 2,000, and interest rates on the US Long Bond could go to 8%. Keep in mind we have a complete dislocation in assets globally. That is the price of printing money.
It is our belief that China is in a recession, they simply can’t control covid. and the street feels their economic number are simply disingenuous. I need not mention the real estate market has busted in China, and the default of debt is extreme. Its not a buying opportunity it’s a falling knife