IT AIN'T GONNA GET BETTER
Excuse the spelling but I have been studying the American language in addition to my proficiency in Australian.
Shelley has gone even further and is studying Spanish which in comparison is quite hard, even foreign (to me).
And expensive.
In fact to test the veracity of her lecturers I was persuaded to take her to Pollenca in north Mallorca last month so that she could practice on the lifeguards, pool boy, various baristas, bar tenders, a well built Policia and a chap who hired me 9 bikes and had really good legs if I do say so myself.
Yes I took the whole extended family + “partners” (how I hate that word but weddings are expensive) and the house had 4 bedrooms and 5 bathrooms.
38 degrees.
Bliss and a very happy wife.
Except for one thing.
I am an addict for information and have had the luxury of reading every newspaper for the last month in Spain (translated by the pool boy). London and Ireland.
Hmmm.
Despite the brave face we put on it ain’t looking too good.
And the attached Herald article (Brian Fallow) reflects very much the sentiment I gleaned rather strongly in Europe (Related Herald Article or here).
The worldwide shallow recovery in the past year has dissipated completely and sentiment is extremely fragile.
It is NOT a time for the fainthearted to be brave.
Forget what the Canterbury disaster (both of them) will do to our economy, there are bigger issues out there and fickle which means the same in American, English and Australian is not the word for the world economy.
We have hundreds of clients holding on to unwise investments, hoping for some “improvement”.
I suggest with the strongest intent that vulnerable investors man up and move on right now, however painful that might be.
Yeah we’ll keep a brave face out there but you really DO need to talk to us.
Summer’s coming.
Martin
MANAGING DIRECTOR
