Imagine when the history of the world and covid is written, how embarrassing must it not be to have been one of the billions fools who took the covid vaccine and walked around with masks.
It must be like the germans who did the nazi salute thinking it to be normal, blindly obeying the church of...
Negative or low interest rates does not create inflation because:
1. lower cost of capital means more supply and thus lower prices.
2. Over time the deflationary effect of accumulated debt becomes larger than the stimulative effect of lower rates.
3. Lower return on savings (witch are greater...
Japan is winning the currency war, USA second, swiss a distant third, lots of countries participate, only a few knows what winning actually means, avoiding capital flight is much more important than "gaining" export.
Many may regret not selling the double top just like they didnt sell the double top in 2007 only this time the downside is much larger.
Short term a strong dollar, a weak europe and a low oil price should be bad for profits.
Measured in dollars many markets are already in or close to being in a bear market including europe.
Longer term demographics dictate the price of capital and labor must go up. In this perspective stocks are clearly overvalued.
Animal spirit is nowhere to be seen, large governments ensure...
Absent hyperinflation stocks are terrible risk reward, long term bonds will hold, stocks will fall, manipulators always lose, manipulators wants inflation, manipulators will get no inflation.