2013 – another good year for investors
2013 was notable for what did not happen: the US did not go off the fiscal cliff or default on its debt and the much feared inflation lift off failed to materialise; the euro did not fall apart despite a few scares involving Italy, Cyprus, etc; China did not hard land despite reports of “ghost cities” and claims of massive debt; and Australia did not have a recession despite the mining slowdown. What did happen was mostly positive:
