The Economist says that 2023 will certainly be a bloodbath (in the bourse). Yet it mentions that Goldman Sachs’s researchers think share prices will fall in the near term, but recover by the end of the year. Deutsche Bank’s bullish lot reckons the s&p 500 index of large American firms will end the year 17% higher than it now stands. Another factor is the opening up of China, after three years of closure. They will buy up most of the raw materials and flood the world with cheap manufactures. So what is to be done?
I will ponder the question (the answer) the next week.
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