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Patek Philippe

I must say I don't know what to answer yet

 

You may have scored a point about bad times and steel models blossoming (I don't have the knowledge baout this).

So, say if I agree or not.

However, about the difficult times we are living, I think there are also positive elements for the future:

- Chinese exports decrease because there is an important transfer from an Industrial based economy to a more domestic consumption and increase of services (which are mainly domestic as well). By the way, as Services are growing and industry based activities are decreasing, it will have a deep impact on our economy structure, worldwide.
 China is still strong, very pragmatic and will keep on being productive imho.

- Refugees: everything will depend on whether we can solve the problem in Syria and Middle-east generally speaking.

- Oil pricing is just a transfer of wealth from producers to consumers: neutral in the overall picture

- Britain might not leave EU ( :p ). And it would at least provoque some changes EU needs to implement (I prefer UK stays but just saying that in case of Brexit, there will be very positive undirect upsides on the long term)

- CHF strengh is a problem but that they already impacted on prices I think.

- US presidential election: we won't talk about it, it is not the place but there is a big difference between primary elections and the final round.


Furthermore, there are still developping countries with great potential (even if they suffer from investments bask to the US and EU right now). The African continent is developping quite strongly in several countries.

The risk that is really hard to assess is the one coming from political issues and the main actors from each area of the world.

Gof of war still!

Cheers, Mark

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