Monthly Archives: March 2021

Tax avoidance has reached tipping point

Posted on March 11, 2021 by Danielle Park

The argument that raising taxes on the ultra-wealthy will not eliminate government deficits is a red herring.  The primary purpose of tax policy is not to eliminate deficits but to incentivize socially constructive behaviour and dissuade the socially destructive.  Tax … Continue reading →

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‘YOLO’ gamblers increase downside for all participants

Posted on March 10, 2021 by Danielle Park

Bloomberg Intelligence estimates that ordinary retail investors have accounted for some 23% of all US equity trading in 2021, more than twice the level of 2019.  As charted below by the FT, this makes the ‘retail’ activity in equity markets … Continue reading →

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Thoughts from the Frontline: Everything is broken

Posted on March 9, 2021 by Danielle Park

John Mauldin’s latest Thoughts from the Frontline adeptly summarizes the financial markets and prospective losses facing those holding equity and corporate bond portfolios and funds today.  There is a way through this mess, but few people are proactively positioned to … Continue reading →

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