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I was having lunch with some senior fund managers and brokers today - all of whom expressed concern about the swine flu outbreak and what it could do to Global growth and the expected recovery. The consensus view was that it could delay the Global recovery by six months and push it into 2010 from end 2009. Many of them believed that this would dent investor sentiment and encourage investors to take profit from the March 9, 2009 run. It was clear to me that many of them had exited from the rally early and many admitted that the rally was much stronger than expected.
Let's look at some data - first the WHO has justed up its rating of this swine flu outbreak to level 4 - which means "significant increase in risks of it becoming a pandemic"; second swine flu is not swine fever - its actually a mixture of avian, animal and human viruses and could evolve quickly; thirdly the latest data on cases shows an alarming increase: Read more...[caption id="attachment_2358" align="alignright" width="150" caption="Photo by Esparta"][/caption]
I was having lunch with some senior fund managers and brokers today - all of whom expressed concern about the swine flu outbreak and what it could do to Global growth and the expected recovery. The consensus view was that it could delay the Global recovery by six months and push it into 2010 from end 2009. Many of them believed that this would dent investor sentiment and encourage investors to take profit from the March 9, 2009 run. It was clear to me that many of them had exited from the rally early and many admitted that the rally was much stronger than expected.
Let's look at some data - first the WHO has justed up its rating of this swine flu outbreak to level 4 - which means "significant increase in risks of it becoming a pandemic"; second swine flu is not swine fever - its actually a mixture of avian, animal and human viruses and could evolve quickly; thirdly the latest data on cases shows an alarming increase: Read more...
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I was having lunch with some senior fund managers and brokers today - all of whom expressed concern about the swine flu outbreak and what it could do to Global growth and the expected recovery. The consensus view was that it could delay the Global recovery by six months and push it into 2010 from end 2009. Many of them believed that this would dent investor sentiment and encourage investors to take profit from the March 9, 2009 run. It was clear to me that many of them had exited from the rally early and many admitted that the rally was much stronger than expected.
Let's look at some data - first the WHO has justed up its rating of this swine flu outbreak to level 4 - which means "significant increase in risks of it becoming a pandemic"; second swine flu is not swine fever - its actually a mixture of avian, animal and human viruses and could evolve quickly; thirdly the latest data on cases shows an alarming increase: Read more...
