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Daily Archives: September 5, 2013
Protecting and growing capital through serial bubbles
An excellent overview today from Charles Hugh-Smith of the Of Two Minds blog starting with this big picture chart of the S&P 500 since 1995: And these wise observations (which happen … Continue reading
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Modern Portfolio Theory foiled: risk assets move as one
Over the past 4 years since the latest cyclical bear (2nd of the secular bear since 2000) gored its clients, the financial business has sought to re-brand its fee-rich, risk products and re-market themselves as new and improved ‘stewards of … Continue reading
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Wage growth and interest rates drive consumption
The ability of consumers to pay for consumption (absent gifts) comes from wage growth and the ability to borrow and service debt (payable monthly from wages). For the past 30 years, wage growth in western economies has been flat and … Continue reading
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