Monthly Archives: February 2019

High-end property inventories leaping

It is typical of dramatic price appreciation cycles, for people to believe that those with the means to buy expensive assets are somehow impervious to credit cycles, and will continue to buy and not sell, regardless of stresses that may … Continue reading

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Central banks and debt make global downturn worse

Steen Jakobsen, chief investment officer at Saxo Bank, discusses global growth momentum and the possibility of a recession. Here is a direct video link.  

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Two decades of monetary largesse are the harm not the cure

The US Fed has led the world in 20 years of progressively more extreme monetary interventions to inflate debt and asset prices at all costs.  Each time that US stock markets have dropped more than 10%, central banks have moved … Continue reading

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