Category Archives: Main Page

The IMF has declared the recession of 2020 the worst since the Great Depression, assuming that the virus goes away in the second half and the economy gets back to growth. This chart shows the IMF’s projections for the G7 … Continue reading →

The mainstream never sees a recession or bear market coming not even when leverage and price-indiscriminate buying have reached record levels.  Now that a major loss cycle has arrived once more, the same crowd is saying that everyone has lost … Continue reading →

Good discussion of historical precedents and probable market paths from here. John Hussman, Ph.D discusses his valuation framework, the problematic 12-year expected equity returns, the most likely inflation outcome and shows why we’re a long way from a slam-dunk buying … Continue reading →