How do they know?

Jan. 24 (Bloomberg) -- For only the third time since the Industrial Revolution, the world may be entering a long-term growth cycle that will lift all economies simultaneously, driving bond yields and commodity prices higher.

Goldman Sachs Group Inc., PricewaterhouseCoopers LLP and London’s Standard Chartered Bank are among the financial companies sending executives to the Davos meeting. Their economists predict a growth spurt in coming decades led by emerging nations that will be strong enough to boost developed countries

These are the same people who did not see the crisis coming. Was the Club of Rome proved right? No one knows. But they are smart enough to take advantage of any situation while the small guy wonders what is going on.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest

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