Blue Planet's Ken Murray predicting a deep recession

Blue Planet's Ken Murray is predicting a far more severe recession than after the dot.com crash and ...

Blue Planet's Ken Murray is predicting a far more severe recession than after the dot.com crash and maintaining large cash balances on his financial investment trusts. He believes corporate earnings will fall sharply and the stock market will follow suit and has also moved into short-dated bonds in currencies he expects to appreciate against sterling. "In our opinion, stock markets are completely unhinged from reality and fail to appreciate what is going to happen," he added. "In the last recession, the Eurostoxx 50 fell 66% from its high while in the current one, it has dropped only ...