2020 Outlook: Danger ahead

2020 Outlook: Danger ahead

This week, the World Bank reduced the global growth outlook. The speed of recovery on the back of reduced trade tensions is turning out to be less than anticipated.

We can also look forward to more central bank stimulus. I was taught that this is a sign that some pretty good economists are nervous about the outlook - then again, they also taught me that interest rates cannot go below zero!

As 2020 gets underway, my view is that the market is not properly accounting for risk.

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