That rich Chinese consumers like a bit of flash won’t come as a shock to anyone following the earnings of various leading brands. How depressing – for them.
The Investor
I think all these companies have some attractive qualities and good potential, but obviously also risks.
Commercial property is an attractive asset class to own, and I think now looks a good time to buy – not as cheap as in 2009, but unless you expect a European blow-up not as risky, either.
A new report from Goldman Sachs claims we Brits and Americans will still be plenty rich in 2050. But smaller populations means our economies will no longer dominate the global stage.