Easy Money, Hard Times

Though the connexion is not always explicitly drawn, one obvious corollary of the perceived current shortfall in corporate investment spending is to be found in the lacklustre nature of the gains being recorded in something called ‘productivity’.

This latter deficiency is often said to have ‘puzzled’ the Good and Great who presume to be able to influence such matters for the better, but one can readily identify factors which implicate the policies of those same would-be helmsmen of the economy, themselves, in the discouragement they offer for capital formation and by the incentives they afford for less than ideal practices among businesses, consumers, and governments, alike.

For a downloadable PDF version of this article, please click: 17-10-27 Easy Money

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The Eternal Triangle

Are equities ‘overpriced’ and if so, by how much? What about bonds or that largely forgotten asset-class, commodities? How do the three of them inter-relate and can we take advantage of such behaviour in order to build a better, more macro-resilient portfolio?

We take a detailed look, here, in the presentation found by clicking on the link:

17-10-18 Assets

Fretting on the Fed: Monitor No.5

Falling returns in the US. Tight money in China. An upswing in Japan. Deflation in India. Gold goes cold. Fretting the Fed on falling CPI and a flattening curve? No need to panic, just yet.

Please click for the latest Monitor.

17-06-20 M4 No5