Three stocks to help you prepare for the next crisis

Professional investor picks three stocks to buy for the long term – companies that should survive the next crisis more or less intact.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week: David Morrison, senior market strategist at Spread Co.

I'm not particularly optimistic about the global economic outlook. It seems extraordinary that seven years on from the nadir of the last financial crisis we have central banks resorting to negative interest rates. Further monetary stimulus is coming, but I doubt it will work. Policymakers remain unwilling to make the fiscal adjustments that are so vital for any chance of a sustainable global recovery. Additionally, major US and European stock indices look as if they topped out in the first half of last year and are now rolling over. Given all this, I'd buy into companies for the long term the ones that should survive the next crisis more or less intact.

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David Morrison is a senior market strategist at Spread Co