This graphic may get used a lot!
It is meant to reflect the fact that I am tearing out my few remaining hairs after reading or hearing something crass and idiotic. A vast amount of such stuff gets published every day under the guise of investment commentary or analysis.
Morningstar (a great source of data, by the way) report this today:
Economic growth has reached its peak and we are heading for a “significant slowdown in the global economy”, according to Simon Ward, chief economist at Janus Henderson Investors. He predicts there will be a global recession in either 2019 or 2020.
He has a methodology, which is explained, then that is followed by comments from other ‘experts’ contradicting him.
Whoever said (Churchill?) that ‘economists will tell you tomorrow why what they predicted yesterday did not happen today’ summed up the reality neatly.
There may be a recession, I don’t know – they don’t know either. Such speculation is of no use whatsoever in building an investment portfolio
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