In an interview with Livewire, Nathan Bell, Head of Research at Intelligent Investor, warns that a key theme driving his investments is the anticipated...

Livewire News

Livewire

In an interview with Livewire, Nathan Bell, Head of Research at Intelligent Investor, warns that a key theme driving his investments is the anticipated slowdown in the Chinese economy. We are really trying to structure our portfolios away from, what could possibly be, the start of a new crisis, says Bell. We've got mining investment that's currently running at 8% of GDP versus the long-term average of 2% - the fear for us is that the Australian economy and individuals are so heavily geared or leveraged into that. He warns investors to avoid resources, mining services and bank stocks as the resources boom unwinds. According to Bell, the mining boom has created a property bubble in Australia. We are going to look back at this resources boom and all we'll have to show for it is exceedingly high property prices and a heap of people in debt, warns Bell.


3 topics

Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment