All Izz Well!

Hats off to the makers of 3 Idiots for giving us these three magic words that can give a lot of solace to our heart and mind in these troubled and often out of control situations. We face issues day in and day out. Some of them are totally out of our control and out of our sphere of influence. However, they are the once that bother us the most. In such times keep you hand on your heart and say “All Izz Well”!

I firmly believe that the world economic recovery that we are curently experiencing does not have the fundamentals to sustain itself. It is bound to fail. How can you bank on a recovery without reform? Nothing major has changed in the world banking landscape. No major legislation or act. Unfortunately, we might see a major double dip – This time the depth of the fall will be far greater and painful than the last one. All major stock indices will see their 2009 lows tested and broken. Contrary to the popular consensus that gold is a hedge against an economic down turn, I believe this fall will not spare gold too. Gold will fall along with all other assets. The recession will be deep, painful and long lasting.

What control do you have over this gloom and doom scenario – None. So just say “All Izz Well” and hope that I am wrong.

Good Luck!