FT's
Neil Hume has some GRIM news
Morgan Stanley’s Graham Secker makes some interesting observations in his 2012 outlook report.
Chief among them is that the investment framework of the last 25 years is increasingly irrelevant and that Japan offers the best guide to what might happen in the equity market over the next decade.
And that’s important because a lot of people are still living in the past and using heuristics to predict what will happen next.
Morgan Stanley take a different view
For us, the most important development for investors has been confirmation that we have reached the end of the debt supercycle in developed markets.
And that means that the taxpayer will feel more pain
As consumers experience declining living standards for the first time in a decade, we can expect strikes, unrest and political instability.
