Few seem to care about the potential for monstrous declines when stock assets are within a few percentage points of all-time highs. In fact, it becomes increasingly difficult for an objective observer to see the investment environment as it is… rather than through magenta-colored glasses.
At times like these, bears go into hibernation. Meanwhile, bulls present [...] [...more]
In a recent column about central banks rescuing struggling economies, Joe Calhoun at Real Clear Markets discussed the crippling¬†effects of ceaseless monetary stimulus.¬†Indeed, the activity is frequently correlated with sub-par economic growth and¬†an erosion of purchasing power (a la inflation).
However, Calhoun takes his condemnation of interventions by central banks (U.S. Fed, People’s Bank of China, [...] [...more]
For Atlas Shrugged fans, “Who is John Galt?” is the catch-phrase that unites proud producers around the country. Similarly, sophisticated television viewers have been dying to determine “Who killed Rosie Larsen?” in the AMC production of The Killing.
There’s a bit more pomposity in the investment arena, however. Rather than admit to one’s inability to predict [...] [...more]