At the start of the last decade everyone was bullish on emerging market equities. It is hard to recall now, but it was the consensus trade. You couldn’t attend a meeting or conference without being told how many people there were in China or how underwhelming the growth prospects were for developed economies compared to…
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When a concert opens with a refrain from your favorite song, you are swept up in the music, happily tapping to the beat and swaying with the melody. All around you, people revel in the same familiar music. You can see that many of them are singing, the lights flashing to the rhythm, while other…
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Courtesy of the good Dr Joe More here – LIoyds Auctioneers and Valuers
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