Category Archives: Main Page

For more than two decades, I have been warning individuals about the heightened risk and stress associated with high debt levels and financial bubbles. Unfortunately, many older people are financially uninformed and don’t set a good example for younger people. … Continue reading →

For more than a decade, the hottest asset class on Wall Street was private credit and private equity funds, where assets held by the funds rarely changed hands and ‘estimated’ values were steadily marked higher by the managers. Now, an … Continue reading →

Yesterday marked the best stock market bounce at the end of a quarter since September 2008. Far from an all-clear sign, bounces like that are most common during bear markets (shown below, courtesy of Bespoke). Mean reversion has made some … Continue reading →