Written by Elliott Morss Since May 2009, I have argued your investments should be in countries with high growth rates, little government debt and deficits (stay away from the US and Europe). My recommendations have not done well relative to developed c… more »

Is it reasonable that prior decades could not have been as they were if the bubbles had not occurred unless government deficits were larger? And with today’s politics, the odds of pursuing a higher deficit are about as remote as a meaningful private sector credit boom. So muddling through seems here to stay for a while. Investors may be coming to grips with that possible reality.With the debt ceiling extended, the risk of a catastrophic automatic pro cyclical Treasury response, as previously discussed, has been removed. What… more »