The Biden administration is in place and operating at full speed. Some cabinet officials are still awaiting confirmation, but the key seats are filled. This administration is off to a fast start and policy is being pushed on a fast track…
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Cash Savings Won’t Be Viable Ever Again — Flushed Out by Inflation
Cash savings get flushed out by inflation and ultra-low interest rates. That is if you are getting .5% on your cash savings account, and inflation is 3%, you are just haemorrhaging money by keeping it there…
Is the Stock Market about to Turn Ugly? — Life at Zero
After the most minor of panics, I expect the run for the speculative end of the market to continue unabated for a while yet. This is becoming par for the course for a world where central banks are committed to holding rates at zero…
Buffett Backs Away from This Asset Class — Share Markets Wobble
Share markets around the world got the wobbles last week because interest rates on the ‘long end’ are rising strongly. Suddenly all those future earnings and cash flows have to be discounted at a higher rate…
Economic Growth — Bad News as More Bullish Signs Emerge
Inflation usually comes about because of increasing demand. In other words, economic growth. Can economic growth actually be bad for share markets? The answer appears to be nuanced. Bad for some stocks, good for others…
What Will the Next Recession Look Like? — The Downturn Will Be Bizarre
We won’t be returning to normal after COVID-19, because normal has changed too much. When it hit me. What will the next recession look like? Because that’ll be far from normal too. I know it feels like a distant problem. I mean, there’s a pandemic still on the loose, the recovery has barely begun, and […]
