RE: Recession26 May 2023 10:04
Parkez, I agree with what you say about the rich and indeed the poor but there will be no reversal this year. I can see base rate and inflation around 6% at year end.
I don't think the defaults etc caused by a recession is the biggest factor in the decline in SP here or indeed across most UK stocks it is the competition for investment . By that I mean when building sociteies and government bonds pay north of 4% with no risk, divi income from shares needs to be north of 7, hence share prices are falling , unfortunately.