Odey View - January 2015
February 12th, 2015
The themes we have been outlining since the second quarter of 2014 are now establishing themselves:
- A faltering Chinense economy with the growth ultimately slowing down to 3%;
- A hard landing for those countries plugged into China's growth - especially Australia, South Africa and Brazil;
- A fall in commodity prices bringing with it pain to those heavily exposed. For oil this is the Middle East, Venezuala, Argentina, mid-west USA, Canada, Norway and Scotland.
To read more of the January 2015 Odey View, please click here.