Fool me not againBY BENJAMIN ONG | MONDAY, 12 NOV 2012 9:25AMSomehow I feel as confident that despite the current bout of palpitations in the financial markets because of the game of chickens again being played in Washington, America will eventually jump over the cliff. |
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Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
I still disagree on one aspect - Greece. With their austerity measures in place Greece has zero chance of growing its way out of its mess. It has no currency policies at its disposal like the US has. How does it fix itself? I don't believe it will until it defaults on its debt and gets out of the euro. I agree with your views on the US and China - they are going in the right direction. Europe on the other hand is an awful mess. Even the strong economies such as Germany and France are being pulled down by Greece and co. The sooner they make the hard decisions the better so we can all move on. Until then there is still the euro story to spook equity markets.