Zip your wallet against economic forecasts
The rise of macroeconomics, to such an extent that it dominates the national and global narrative, can only be described as stunning. It might be news to many that there is in fact no ‘Nobel Prize in Economics’ even though a Nobel Prize in Economics is awarded annually.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
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David
:
Thanks Roger. Very thought provoking. How we act will be determined by who or what we trust. Fear also comes from the heart.
Aaron Somner
:
Roger you seem to be saying that the whole theory of interest rates in economics 101 is wrong. If that is correct then the whole Keynes philosophy is dead wrong and the theory’s followed by these acedemic central bankers is also wrong. That would mean what they have done has made the worlds economy worse. This would have massive implications as all central banks/governments have this belief.
Roger Montgomery
:
Aaron, there are many who believe the problem has indeed been made worse.