Over the past two days Edward Hugh has made three new postings on A Fistful of Euros: fistfulofeuros.net
These are essential reading. They chronicle the severe and steepening downturn in economies across the globe.
In an environment in which almost anything can happen is it possible that Depression-like declines in economic activity can coincide with non-Depression-like activity in equity markets?
At this point about 17% of my investment portfolio is long equities. Maybe I am behaving like the proverbial deer in the headlights but I am neither buying (at all) nor selling (very much). As always this could change at a moment's notice.
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