While wisdom can be found in crowds, the consensus is not always correct. That's certainly the case with the current consensus that the global economy, led by the US, is about to dip into recession.
Not only is a global or US recession unlikely, the inverse is probable, which will cause US and leading global equity bourses to rip higher – in other words, a sharemarket rally.
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Stirling Larkin writes on global investing and ultra high net worth wealth. He is chief investment officer of investment manager Australian Standfirst.
