Investment Outlook – Q2 2016
We turn for inspiration this quarter to one of Ireland’s finest poets, W.B. Yeats. As living standards stagnate and debt mountains pile up, Western voters have been expressing their disenchantment by electing increasingly fringe-dwelling politicians. Even mainstream politicians, such as Hillary Clinton, have distanced themselves from essential policies such as free trade – the source of 50 years of global prosperity.
Yeats warned that ‘when the centre cannot hold, mere anarchy is loosed upon the world’ and while ‘the best lack conviction, the worst are full of passionate intensity.’ What ‘rough beast’, asked Yeats, ‘its hour come round at last, slouches towards Bethlehem to be born.’
Read on to find out our take on whether central bankers are out of ammo; to fly around the world in 90 days; and for our predictions on Australian-based portfolios.Latest Outlook