Update- Investing in a deleveraging World Europe is very important for global prosperity but it is also important to note that China and India together are now about the same size as the European Union in terms of purchasing power parity (PPP). A solution for the high level of European sovereign debt must and will be found with either the individual countries repaying their debt (unlikely), inflating it away (most likely), or defaulting (a possibility for some). In the interim, if fear and panic take hold while the solution is being decided then just as in early 2009 this will become an opportunity to buy more quality assets at reasonable or better still discounted prices. By the way, tiny Australia is ranked 13th in the world in terms of PPP. At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me via ‘Contact Us’ at www.newealth.com.au or to call me on +61 2 9267 2322.
24th-November-2011 | 
