I am not trying to imply that the current market is a bubble. But surely, investors have moved from panic to optimism (I won’t say euphoria). Expectations are high and investors seem to be generous on valuations. It is time to be watchful and well calibrated. I...
The market is not stupid. Data compiled by Deutsche bank shows new money and flows into the equity markets is almost all going into Tech or healthcare – the rest of global commerce is essentially flatlining or negative. If your cash is invested in index-followers on...
The Governor of Maine has ordered restaurant staff to wear anti-COVID visors upside down so they resemble dog cones in order to direct breath upwards. Yes, really. Governor Janet Mills’ decree states that “front-of-house staff in restaurants who choose to wear face...
‘The S&P’s new highs are a tale told by an idiot, full of sound and fury, signifying nothing about the hardship of millions of people on food stamps, or the millions about to be fired from service jobs, or the homeless, or the people who are just huddled at...
Like in World War II, the United States is piling on debt to confront a whole-of-society crisis, raising the question of who will foot the bill in the long term. But, unlike the post-war era, the underlying conditions for robust economic recovery today are less than...