2025 will not be a repeat of 2008; advising clients to go very long on India: Jim Walker
Jim Walker, Chief Economist, Aletheia Capital, says if the US economy begins to slow and which is very likely, then the direction of travel is going to have to change and that really means that he is going to have to back off some of this aggression towards his partners and within his own country. Hopefully by the middle of this year, a lot more sensible decisions will be made and a lot more visibility about where we are going. The underlying fundamentals remain the same. Asia looks pretty good, India looks great, China is recovering, and the real problems lie in the advanced economies in America.
Walker said to clients this week that this is the time to absolutely double down on the long in India, go much longer and although we worry about the valuations in the Indian stock market, my view is that economic growth is going to take off from here and those valuations will be quickly supported by corporate earnings.
Walker, who had predicted the 2008 crisis, does not think the present situation is like 2008. It will be a pretty painful slowdown, but we can go to the other end of it without the kind of government and central bank action that took place in 2008, 2009.
Everyone is talking about the reboot in the world, from globalisation to de-globalisation. Tariffs have been imposed, retaliatory tariffs are at play. In the light of what the US President is trying to do, how will the world change?
Jim Walker: Yes, well, of course, it is changing by the day. But really the key here is that Trump loves to be a disruptor
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