After a tough start to 2013 for the securities business, I bravely predicted back in July that the second half would get better.
I gave five reasons. In the interests of accountability, let’s take a look back and see how I did in my predictions.
1. “Commodity deals may rebound.”
There were reasons for optimism. There was the Rio Tinto PLC iron ore sale in the pipeline, and the likely prospect that energy and mineral producers would start to buy and sell as stress on balance sheets forced weak hands to let go.