Monthly Archives: March 2018
Policy Makers And The Fed Are Now Just Playing Out The Endgame
Ever since 2008 policy, markets and the economy, have been reflecting a new paradigm, which is shown in the chart above. The trend in GDP growth to federal debt issuance reversed decisively down in 2008 and the trend has … Continue reading
Engineering, Divergence, and global growth weakening.
Asset purchases and debt growth have been unprecedented in recent years. Central Bank asset purchases have now exceeded $20 Trillion, or nearly half of world GDP. Corporations have also been buying back their own stock at a rate of around … Continue reading
Fed Fixes Failing. Risk Misunderstood. Message To Passive Investors.
https://www.hussmanfunds.com/comment/mc180302/ The distinction between “Durable” and “Transient” market gains Markets and experience make opinions not valuation or market history The global economic peak is in the … Continue reading
Bonds Beat Equities over 10 Years Says Model With 147 Years Of Data.
“Call us cynical, but the prospect of equity market excess returns for the next ten years measuring in the fractions of a percent is not nearly enough compensation for the … Continue reading
