The mess that central banks have orchestrated is dangerous for the economy and all asset classes. Trying to make the least bad choices is the opportunity set on offer. Some worthwhile insights in this discussion.
Danielle DiMartino Booth on the Fed scandal, succession, inflation, taper timelines and market implications. Here is a direct video link to part 1.
Here is a direct video link to part 2.
We have to put money somewhere. In our ‘everything bubble,’ the question is which holdings have the best prospects for preserving principal and liquidity such that we will be able to buy when others are forced to sell. Between here and there, everything else is noise.
Investor and GMO co-founder Jeremy Grantham spoke with CNBC’s Wilfred Frost about gold, why he says there is a U.S. equity bubble and his take on meme stocks. Here is a direct video link. The full interview is only available to pro-subscribers through CNBC.
Here is GMO’s latest 7-year annual real return forecast for global assets from valuation levels at the end of September 2021.
Episode 4 of the Rethinking Humanity series by @RethinkX warns that despite all its stupendous achievements, our global industrial order – representing the pinnacle of the Age of Extraction – is on the edge of chaos, reaching its own limits like every leading civilization that passed before it. Civilization now stands at the precipice. But it’s not over yet. We’ve witnessed extraordinary advances in technology in the past 200 years. But the way we organize our societies has barely changed. We’ve forgotten that our political systems and economic models are recent human constructs. If we created them once; don’t we have the power to reimagine them again? This is the fourth of an eight-part series. Here is a direct video link.
