Daily Archives: August 22, 2013

QE has prompted a massive misallocation of capital

Over the past 3 years, we have warned about mean reversion risk due to extreme over-valuations built into resource, mining and materials companies. After 50-70% declines, price risk is now lower in those sectors. But it remains dangerously high in … Continue reading

Posted in Main Page | Comments Off on QE has prompted a massive misallocation of capital