Okuma Group: Acquire Defensive Stocks.
“Okuma Group”-Developed economies cannot recover without consumer participation.
Asia-based brokerage, “Okuma Group”, is convinced that the economies of developed nations will be unable to mount sustainable recoveries without the active participation of consumers and have urged their clients to take heed of the firm’s standing advice to acquire defensive stocks and precious metals.
“Okuma Group” apparently believes that, in the absence of the consumer in the economies of countries like the UK and the US, it is best to hold stocks in pharmaceuticals, supermarkets and tobacco companies. They also believe that weak retail sales in those countries may prompt governments to add further stimulus which will serve to devalue their currencies in the months and years going forward and that precious metals provide a hedge against this profligacy.
“Okuma Group” warned clients that stubbornly high unemployment in several economies would continue to hamper efforts to re inflate the real estate markets in those countries. Real estate price inflation played a significant role in the explosion of consumerism prior to the credit crunch of 2007 and the widespread concern among many individuals that they could lose their jobs is preventing them from taking on additional credit.
With this in mind, “Okuma Group” is thought to have added a number of defensive stocks to its buy list in recent days.