Well, as the title of today’s essay suggests, when the outlook becomes totally unpredictable, you can at least count on the predictable unpredictability of small-caps to deliver some sort of consistency...
‘Freeman points out that about 40 per cent of profits of companies on the ASX are generated offshore, insulating them from the worst of the lockdowns.’
In today’s Money Morning…Australia lagging US on inflation, by the time it comes the damage will be done…government can’t be trusted on currency…ignore banks, trust dirt and crypto…