Daily Archives: September 12, 2016

Since 2007, Central banks and governments have been like reckless dam operators indiscriminately flooding good money after bad through global asset markets. All of this has been added to the debt tab and diverted capital from substantive investment in things … Continue reading →

While market cycles, valuations and careful discipline drive financial results over time, stock promoters and soothsayers promising to pick ‘winners’ attract gullible followers the world over. ‘Twas ever thus. This example from China is classic human behavior. Li Daxiao has … Continue reading →