Friday, March 30, 2012
Richard Duncann’s Prognosis and 5 year outlook
Richard Duncan, of Blackhorse Asset Management, discusses the outlook for Asia in light of the deepening global economic crisis. Asiaâ€™s Era of Export-Led growth is over. A much more difficult environment lies ahead. A sobering outlook. He believes "bad bad things" will happen in the 5 to 10 year range but until then expect a lot more QE. After that his message is get ready for wealth destruction. Or in the words of the song "arm yourselves because no one else here will save you."