Crash, bang, walloping good opportunity
Stocks are plummeting, bond prices are doing much the same and they may well fall further, but this will create a rare opportunity to buy into some great companies at attractive prices
I heard on the BBC recently that some economists in the US believe that the country might experience a recession this year. I want to dwell on the words ‘some’ and ‘might’ for a couple of moments. I mean ‘some,’ ‘might!’ It’s hard to see how a recession can be avoided. While the US is slightly isolated from some of the factors causing the cost of living crisis in the UK and EU, US inflation still hit 8.3 per cent in April. And that’s the US; if the EU and UK don’t experience recession this year, then I am a…