Monthly Archives: May 2021

BNN Bloomberg speaks with Dennis Kelleher, co-founder, president and CEO of Better Markets, talks about what he calls a “significant lack of transparency in financial markets”. In part, due to former U.S. President Trump’s efforts to undue the Dodd-Frank Act. … Continue reading →

Destructive financial incentives have wasted years of free cash on gimmicks like buybacks to boost share prices rather than productive long-term focused investment.  Then when high leverage implodes, as it always does eventually, the companies look to governments for bailouts.  … Continue reading →

Stock markets and Treasury bonds are pricing two diametrically opposed investment outlooks from here. They can’t both be right.  For a lucid discussion on where probabilities lie see The Battle Royale: Stocks vs. Bonds (which is right?). Productivity growth depends … Continue reading →