Dr. Lacy Hunt is a rare economist who actually has an outstanding track record. In this interview he explains in simple terms why monetary policy has failed and the necessary fiscal policies are not currently a realistic possibility. http://www.zerohedge.com/news/2015-02-27/monetary-policy-bankrupt-dr-lacy-hunt-warns-bonds-not-stocks-are-good-economic-indic
The Federal Reserve’s continuing preoccupation with raising rates makes the dollar look very attractive worldwide and has created a strong tailwind that started in the second half of 2014. However, it has created two very important feedback consequences. The … Continue reading
“In a time of universal deceit – telling the truth is a revolutionary act.” – George Orwell For the last 18 months world GDP has been falling like a stone. However, massive central bank buying has inflated stock prices around the world. The duration and scale … Continue reading
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Even though the Federal Reserve continues to talk about raising interest rates sometime this summer, it is clear that the economic data continues to show remarkable weakness. The chart below shows that in terms of overall macro data, this has … Continue reading
It is now just as important to understand the source of financial and economic information as the information itself. Otherwise, if you are an analyst who examines the data you could go mad. This is because when you scratch the … Continue reading
A brilliant summary explaining the evolution of the banking system. Starting from the early 20th century it has evolved into the current predicament through a series of important phases. I doubt there is a better discussion that provides so much … Continue reading
Q1 2021 Review: Highest average equity allocation to the worst ever long term expected return. Be a better investor than Isaac Newton. https://royalsocietypublishing.org/doi/10.1098/rsnr.2018.0018 Many smart and successful individuals often make tragic investment errors. It is not because they lack intelligence. Th... link to article
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