Monthly Archives: September 2014

Why Has Classical Capitalism Devolved To Crony Capitalism?

“Prices have been so distorted (the ultimate goal of Central Planning everywhere, from China to the EU to Japan to the U.S.) that the illusion of stability is impossible without more intervention. ┬áThis leads to two self-liquidating dynamics: diminishing returns … Continue reading

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Definitive Guide To Investment Risk

Investment risk may be a complex subject but Howard Marks has come very close to writing the definitive document on this subject. This may not become widely read but it is clearly a timeless resource for any investor who wants … Continue reading

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“For Wonks Only”

“Cross your fingers, credit growth is a necessary but not sufficient condition for economic growth. Economic growth depends on the productive use of credit growth, something that is not occurring.” – Bill Gross, probably the most successful bond market investor … Continue reading

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“Central Bank Monetary Policy Enables Us to Put Off Real Reforms”

“This cycle of entrenched interests protecting their skims and scams via central bank monetary policy is self-liquidating: every nation that pursues this “fix” will find its economy liquidated by financial implosion and the hollowing out of productive sectors to support … Continue reading

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Why is Europe not “coming together” in response to the Euro Crisis

Here is an excellent overview of the how Europe is currently failing to address its accelerating problems and seems to be drifting towards fragmentation: link to article

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