28 February 2019
While we try to keep an open mind as to the shifting dynamics of market behaviour, we also maintain a belief in the fundamental immutability of human nature. That belief cautions us against concluding that it’s really different this time.
13 February 2019
Modern critics of the central banks, like ourselves, would suggest that we now have a modern equivalent of Cnut’s Danegeld, in the form of punitively low interest rates, rates which are being kept artificially low to try and resurrect a borderline insolvent banking system which is still content to pay significant executive bonuses and, in some instances, even dividends (to shareholders foolish enough to own common stock issued by banks whose fundamental value cannot be remotely assessed on any sensible economic basis).
Don’t be so negative