kingworldnews.com / August 7, 2013
With stocks and the U.S. dollar trading lower and the precious metals rallying, today King World News is pleased to share a piece from one of the top strategists in the world, Robin Griffiths of Cazenove out of London. Cazenove Capital is the appointed stockbroker to Her Majesty The Queen. Below is Robin’s outstanding piece.
By Robin Griffiths of Cazenove Capital
August 7 (King World News) – “Not Normal Times”
“These are not normal times. Historic norms and correlations are being cast aside. The world economy is a highly complex system with a multiple of interrelated variables. Such systems are inherently prone to chaotic behaviour. Simple linear forecasts are unlikely to be useful at the moment as the data relating to the investment world has turned topsy-turvy. Normally, the stock market rises when earnings are rising and, when companies take on debt, we expect to see credit spreads widen. Similarly, high levels of unemployment are usually associated with a falling market. But recently we have seen the exact opposite occurring….
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