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US Recession

Discussion in 'Investing Strategies' started by hutch27, 24th Nov, 2007.

  1. hutch27

    hutch27 Member

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    OK post number two!
    Can anyone steer me in the direction of some historical data on the effects on Australia/World economy and share markets of a US recession.
    I remember from some studies in economics a long time ago of some good data on share prices, interest rates etc.
    It looks like the US will 'officially' be in a recession next year (can't back this up) so I would like to adjust my financial planning to suit.
    Cheers
     
  2. Glebe

    Glebe Well-Known Member

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  3. MichaelWhyte

    MichaelWhyte Well-Known Member

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    Glebe,

    Yep, that about does it I reckon! ;)

    Cheers,
    Michael.

    PS Sent my diversification instruction off to my margin lender today. Should have direct exposure to Asia and Commodities within a week or so. Hopefully the US Recession fears spook the market south a bit so I buy in at a discount. Dow was down again overnight so yesterday's ASX gains might be eroded somewhat today.
     
  4. handyandy

    handyandy Well-Known Member

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    Hi Micheal

    In your rejigging are using a discount broker like investsmart so that you get the trailing coms or are you still with an FA?

    Cheers
     
  5. MichaelWhyte

    MichaelWhyte Well-Known Member

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    Hi Andreas,

    All through InvestSmart except Lincoln which is direct but attracts no entry commissions.

    Sent them off today so should be in effect within a week or so I'd guess. Looks like the market might hold down for me that long if I'm lucky.

    Cheers,
    Michael.
     
  6. hutch27

    hutch27 Member

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    Thanks Glebe
     
  7. The Stig

    The Stig Well-Known Member

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    I don't think they are going to go into a recession before an election. 2009 maybe, but not 2008, IMO.