Heading into another good year

The current year was generally good for investors … and there’s more growth in store for 2014.

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:

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