Ah yes, the finance news is not exactly a ring of endorsement for those who believe that things can only get better. I do hope I am wrong about the state of the economy, as well as Moodys and Morgan Stanley. I find that improbable at best.
Morgan Stanley forecasts job losses in the region of 200, 000 in construction and allied businesses with peak housing having been had, and gone, in Australia.
Nestle cuts sales outlook with sales growth the weakest in a decade. It seems that times are tough but Nestle are still making sales and profits. The days of continued growth look set to change. If I was a stock market investor (and I am not willing to take the risk at the moment) I would be looking at their stock with view to invest in the future (I am not affiliated with this company in any way).