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Daily Archives: May 16, 2016
The critical importance of price
An excellent, simple explanation on why buying wildly over-valued financial assets is locking in a bad investment for years to come. There is no free lunch. See Blowing Bubbles: QE and the iron laws: Look across the room you’re in, … Continue reading
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Perverse incentives: Goldman commodity speculation backed by taxpayers
It is contrary to all public interest and safety to allow investment banks to continue making speculative bets backed by FDIC coverage/taxpayers. These firms have to be broken up and forced to gamble only at their own risk. Taxpayer backed … Continue reading
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Pension return assumptions–what could go wrong?
A must read article in the Globe and Mail on Saturday from the President of the CD Howe Institute, points out rarely admitted facts about the return assumptions that have been baked into most pension and retirement planning forecasts. This … Continue reading
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