Finance—Public and Private
The Investment Outlook
IT has come to be so generally recognized that cheap money and high prices for gilt-edged securities are almost synonymous terms that, in view of the general fall which has taken place during the last few weeks in Bank Rates all over the world, the investor may be excused for thinking that he is in for a good time so far as the future course of investment securities is concerned.
I should be sorry to suggest that such may not be the case on the present occasion, but I am bound to place on record the fact that conditions of markets at the present time are abnormal in many respects, and indeed, there was probably never a time when greater difficulty was experienced in framing judgments based upon the ordinary post-War reasoning.
Previous page
