Lately the markets are reacting in an unpredictable manner; the more pessimistic economic data appears, the higher markets rise. Equities, commodities, fixed income instruments are pricing in politicians printing more money to aid the gloomy economies and inflate asset prices.
Citi global research predicts that Greece has a 90% probability that it will be out of the Eurozone within 18 months. There was no previous data available; I really wonder how they manage to come to this statistical conclusion.
Currently there is entirely no ring fence barrier set up to contain the potential contagion of Grexit. The external shockwaves to our fragile economy may be unthinkable.
I will be attending an upcoming conference to address the world ahead, organised by SHARES INVESTMENT. The keynote speakers are Jim Rogers and Mike Bellafiore. I am especially keen to listen what Jim Rogers has to say since commodities prices show signs ......