Author Archives: Danielle Park

June’s US consumer price index (including clothes, groceries, restaurant meals, recreational activities and vehicles) increased 5.4% from a year ago, the highest 12-month rate since August 2008.  The so-called core price index, which excludes food and energy, rose 4.5% year … Continue reading →

Between 2008 and 2019, excess capacity, slow growth and never-ending central bank liquidity injections suppressed interest rates and encouraged corporations to magnify profits by increasing their debt.  This meant that the corporate sector came into the 2020 recession with record … Continue reading →

When legendary value investor Jeremy Grantham turned 80, he made two resolutions: “to be prepared to write a cheque up to the limits of your ability”, and to “say what you think you should say to everybody”… In this week’s … Continue reading →