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Re: 2005 and Beyond:The BEAR is BACK ?

G'day Ghoti,

I should have stated that the author of that cover story is Gerry van Wyngen, an investment banker and Chairman of CPI Group.

I have been reading his articles in the BRW and Financial Review since the 80's and have a lot of respect for what he says. In 1989, he warned that a severe economic recession was on its way. At the time, I had already known that. Getting 15% p.a. risk free on bank term deposits worked for me then. Commercial lending rates of 20% p.a. in 1989 would bring any economy down.

Regards.

[QUOTE="Investor, post: 10807, member: 1041"] [b]Re: 2005 and Beyond:The BEAR is BACK ?[/b] G'day Ghoti, I should have stated that the author of that cover story is Gerry van Wyngen, an investment banker and Chairman of CPI Group. I have been reading his articles in the BRW and Financial Review since the 80's and have a lot of respect for what he says. In 1989, he warned that a severe economic recession was on its way. At the time, I had already known that. Getting 15% p.a. risk free on bank term deposits worked for me then. Commercial lending rates of 20% p.a. in 1989 would bring any economy down. Regards. [/QUOTE]

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