Existing clients can use these links to log in to the Infinity dashboard. Not a client? Why not get in touch to find out about our services.
When it comes to the markets it’s now time for a serious reality check…a really serious reality check. If not some people are going to get burned – badly.
As you might have heard the Dow Jones Industrial Average has had a good September. So much so that it has been said that it has been the best September on record, or the best September since 1939 anyway. Either way it sounds impressive.
And while I’m all for postive thinking I do now have to exercise a note of caution. Unfortunately the euphoria is not backed up by the reality. In fact all the signs point to an immediate future filled with more doom than boom.
To begin with unemployment is still an issue. So is housing. Some think that the number of foreclosures will grow. Others think that the jobs reports will get worse.
Protectionism is also starting to play its part and could hamper global recovery. The United States has upped the ante with threats to penalise China for devaluing its currency. This could be disastrous for the world – not just China.
And then of course there’s Europe. We may not have heard as much about Greece or Spain or Portugal and Ireland of late but their problems are still in evidence. Despite the upbeat forecasts things could get worse before they are better.
As if all this wasn’t enough there are also the worries about inflation – hyperinflation even. Hyperinflation is the rapid, out of control rise in the cost of goods. It would appear that some – including those in the know such as George Soros – could be guarding against inflation. They are buying in to gold – as a result the price of gold is soaring.
So, will there be a crash? Will there be a double-dip recession? Its hard to say. Will the rally driving the markets continue? Its doubtful.
With all this in mind don’t get ‘sucked in’ to this record rally – all the signs are that it may not last. As always if you want some peace of mind – and don’t want to be left out – make regular planned, investments. That way you will be able to take advantage of the ‘doom’ as well as the ‘boom’.
This Site and the Content are not directed at or intended for distribution to any person (or entity) who is a citizen or resident of Hong Kong (or located or established in) any other jurisdiction where the use of the Site would be contrary to applicable law or regulation or would subject Infinity Financial Solutions Limited to any registration or licensing requirement in such jurisdiction.
Persons (or entity) who is a citizen or resident of Hong Kong please click on the link below to access our Hong Kong Site.