Daily Archives: January 20, 2020

A decade of record-low interest rates has herded capital globally into the same buffet of risky assets. Most of the participants have little cash and many are highly levered. This is a time-tested recipe for forced selling and capital implosion. … Continue reading →

I understand from stock bulls that central banks have got all this under control.  That’s good, because even India, the world’s fastest-growing large economy, has taken its growth rate estimate for the current fiscal year ending March 31 down to … Continue reading →