@chris McCarthy wrote:
Is there no area of opportunity in adversity?
Normally yes, downturn’s usually present some relative opportunities. However this is no normal downturn and for Europe it’s nothing short of a financial catastrophe. There are no positives in that.
There are investment opportunities in Asia and the Far East, even America shows some positives but Europe’s a basket case for too many reasons.
I saw an interview today with the MD of Pimco who when asked what investors in Europe should currently be doing with their money he advised a flight to safety, anywhere but Europe basically. Pimco are the worlds largest bond traders so you can bet yields and credit ratings are about to rise and tank respectively.