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The real danger from the downgrade of U.S. government debt by Standard & Poor’s isn’t higher interest rates. It’s the hit to the nation’s fragile economic psyche and rattled financial markets.
S&P’s decision to strip the U.S. of its sterling AAA credit rating for the first time and move it down one notch, to AA+, deals a blow to the confidence of consumers and businesses at a dangerous time Continue reading
LONDON – World leaders pledged $1.1 trillion in loans and guarantees to impoverished countries and agreed Thursday to crack down on tax havens and hedge funds but failed to reach sweeping accord on stimulus spending that would directly attack the global economic decline. Continue reading
Well what a mess the GREAT AMERICAN economy is in, now that the only terminology left to describe them is CAPITALIST FOOLS. Continue reading
Marc Faber, Author, Gloom, Boom & Doom report, said the rally in US markets is likely to continue till April-end, but was quick to add that a total collapse is seen by year-end.
Asian equities, Faber said, are likely to get cheaper versus the US. “So, it is a good time to buy into these markets.”
He feels China may not grow at 8% this year as the economy is in recession.
“The S&P 500 is unlikely to hit lows below 666.”
According to Faber, gold could test USD 700 per ounce. He added that it is relatively expensive versus industrial commodities.
FUND NAME
NAV
JM Core 11 Fund – Series 1 – Dividend option
2.0004
JM Core 11 Fund – Series 1 – Growth option
2.0004
No-one Knows Everything
An investor who has all the answers doesn’t even understand
the questions.
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We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Continue reading
During an economic decline, high yield stocks such as FMCG, pharmaceuticals, and tobacco tend to hold up better Continue reading
In economics, the term recession generally describes the reduction of a country’s gross domestic product (GDP) for at least two quarters.The usual dictionary definition is “a period of reduced economic activity”, a business cycle contraction Continue reading
What is WEALTHSURANCE?
Wealthsurance combines wealth creation and insurance protection into one powerful financial solution. Unlike other investment alternatives, it allows you to ensure that your goals of wealth creation are achived even in the event of serious illness, accidents, disablement or death.
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