Admiral Boom:
Wind’s come around, blowing dead on from the West!
I’m sure many of you will remember the basic storyline of Mary Poppins. She is blown in on the East wind and only stays until the wind changes. I only mention this great Disney film from my childhood because it best describes how I feel about the threat to the markets from a possible collapse of Europe Union.
We have been under the influence of an ill wind blowing from Europe for a couple of years now, but I feel the wind has changed. Don’t get me wrong, I do not believe all the debt problems are fixed, or ever can be, but I feel that Europe will now muddle through and avoid the doomsday scenario which would drag all global markets considerably lower. Continue reading “Wind’s come around”