No one has a crystal-gazing ball

"There are two kinds of forecasters: those who don't know, and those who don't know they don't know." - John Kenneth Galbraith As I was struggling with an idea to write this column, a barrage of questions from our clients inspired me to address the uncertainties in today's global landscape. The world is currently facing numerous unpredictable situations - from the Iran-Israel standoff (at the time of writing), the upcoming general elections in India and the US, inflation and interest rate trends, fluctuations in oil prices due to geopolitical deterioration, stock market shifts in Japan and China, the general unpredictability in global markets and more. This is only the present. Reflections on the past The past has b

This article was originally published on May 15, 2024.