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France is the second largest economy in the Eurozone and has been the number one ally with the Germans in dictating terms of austerity to other debt-choked EU members. This weekend, the two part French elections appear to be setting … Continue reading →

This chart gives a pretty fascinating big picture view of the Canadian stock market over the past 10 years as we work our way through this generation’s (debt-created) secular bear.  The fate of the global economy is now reflected in … Continue reading →

Jeremy Grantham’s Q1 2013 letter is a wonderfully honest reflection on the competing goals of a money manager to, on the one hand, protect clients from the certainty of loss in buying and holding over-valued assets, and on the other … Continue reading →