Daily Archives: June 26, 2012

“Keynes thought that the richer people were the less they’d have to work, why did he get it wrong? He underestimated people’s insatiability, the richer they are the more they seem to want,” Robert Skidelsky, Emeritus professor of political economy … Continue reading →

“There’s no transactions, M&A doesn’t need to happen at this point the banks aren’t lending anyway, companies don’t trust the banks anymore as they don’t believe they have credit line and this is what deleveraging looks like,” Peter Toogood, director … Continue reading →

We have been writing about the anatomy of secular bear markets for the past 10 years. They are a much different beast than a secular bull as shown in the chart below. The Italian stock market is retesting the same … Continue reading →