Here's our latest investment outlook. This time, it’s not about football, although there would be a lot to write again... How important football really is was once again demonstrated in Australia: the day after the Socceroos were eliminated Prime Minister Rudd stepped down! However, unlike the coaches of some of the eliminated teams, he did not have to take the blame for the exit of the Socceroos. But perhaps his stepping down will pave the way for a review/amendment of the rather unpopular mining tax.
While we closely monitor the World Cup we don’t take our eyes off the financial markets. This month's edition of the Investment Outlook focuses on the threats to growth. While there are dark clouds out there, we remain in the camp of those who do not see a “double dip”.
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