Today's investment climate is the most challenging one you have ever faced. At least since the late 1970s, perhaps since the 1930s. This is because inflation and deflation are both possibilities in the near term. Most investors can prepare for one or the other, but preparing more »
This is one of my main criticisms of central bank policy, especially the last three years when there was no financial crisis but all the central banks continued to keep interest rates at recession era levels which has incentivized inappropriate uses of capital allocation, and this money being used more »
Written by William Kurtz
Editor's note: This article starts with a few market comments but is mostly about the way our world has changed and is changing.
Institutional lethargy. That appears to be the state of the stock markets now. The VIX "fear/com… more »
by Charles Hugh Smith, Of Two Minds Technology, like Nature itself, has no emotional stake in what is creatively destroyed. We all know the Federal Reserve is terrified of deflation, because they keep telling us that deflation is the equivalent of de… more »
by Charles Hugh Smith, Of Two Minds There is nothing fancy about these three solutions. I have covered rising income/wealth inequality for many years in dozens of entries. Since Thomas Piketty's new book has catapulted the topic into the media spot… more »