The Globe and Mail published February 6 (page F2) a summary of an interview between Stephen Roach, former chief economist at Morgan Stanley's, and Rudyard Griffiths. Here is the last part of the compte rendu
"What advice do you have?
These are difficult, treacherous times, and financial markets are displaying an extraordinary amount of volatility. I think a prudent strategy is to stay very cautious and not take an awful lot of risk in your individual portfolios until there’s a clearer sense of where the underlying economic fundamentals are heading, and what, if anything, central banks are going to do."
These are difficult, treacherous times, and financial markets are displaying an extraordinary amount of volatility. I think a prudent strategy is to stay very cautious and not take an awful lot of risk in your individual portfolios until there’s a clearer sense of where the underlying economic fundamentals are heading, and what, if anything, central banks are going to do."
No comments:
Post a Comment