Precise economic and investment forecasting is a mug's game, writes Peter Toogood, who instead puts forward three different scenarios for markets - while acknowledging any one of them could ultimately play out
Most people have now come to realise that, when the system is awash with liquidity and momentum is in charge, precise forecasting is a mug's game. As such, we would instead put forward three scenarios...
What made financial headlines over the weekend?
Q2 net sales dropped almost 50%
‘Important to have an anchor’
Lack of innovation for solutions