FINANCE VIDEO: White Crane Group Chief Economist Clifford Bennett Presents To Sydney Capital Markets at Investorium.tv
Clifford believes that the "New First World" - Asia and Latin America - has overtaken the "Old First World" - the United States and the Europe - to drive the global economic growth. The United States no longer leads the economic cycle and the US dollar will continue to devalue. He is confident about the outlook of the Australian resource sector and the European fashion sector, as they have markets in the "New First World".
Clifford says that the media was very pessimistic about the world economy in 2011, resulting in a huge disconnect between sentiment and reality, as the world economy still held strong. Clifford believes that the depressed prices in varied market have created some once-in-a-lifetime investment opportunities. He is very optimistic about the world economy in 2012, predicting a growth of 5% or even higher. He adds that higher Australian dollar value is the product of higher commodity prices and higher demand for commodities, which will remain the main driver of the resource industry.
Clifford Bennett is also the author of Warrior Trading, available at Amazon Online bookstores.
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White Crane daily reports outline advanced macro-economic concepts and views that are entirely original here at White Crane Group. We are world leading in many of our ideas on contemporary economic processes, and we have shown for several years now that we have the ability to turn such economic insights into quantifiable global financial market advantage. This is not new to Clifford Bennett, who has a 25 year track record of making big calls that have shown themselves to be remarkably accurate.
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