It’s not often I quote physicists but this one is from Niels Bohr
Each year Saxo Bank makes outrageous predictions, in 2016 and in 2017 for the following year.
Here are the 2016 predictions about last year and my assessment of them
Saxo Bank’s Outrageous Predictions for 2017:
1. China GDP swells to 8% and the SHCOMP hits 5,000- nope 6% & 3000 to 3400.… Read more
Societe Generale is out with its famous quarterly black swan chart.
Black swan events are those that have a low probability of occurring, but also have the potential to roil financial markets if they occur.
With a 30% probability, a Chinese hard landing (four straight quarters of below 5% growth) poses the most significant downside risk, according to SocGen.
They think the likely triggers will be domestic issues.… Read more