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Here is a direct video link. 

In a product-creating financial world paid to sell us growth and inflation narratives, sober risk-reward assessments are not well tolerated.  In the past 24 years, I’ve had to be bearish more often than bullish, but it’s not my fault, in … Continue reading →

I have explained many times that central banks worry that falling inflation (disinflation) and outright deflation reduce the incentive for spending and capital flow into financial markets. The theory goes that if consumers and businesses believe that prices will be … Continue reading →