In Krugman’s eyes, the internet is mostly a mechanism for advancing social media in which he and his friends can label people they don’t like as “racist” or worse. Yet what is the commercial strength of the internet, and how has it promoted real economic growth?
“We may be seeing significant pricing disconnects between the market & economic fundamentals, which could result in sudden & sharp repricing...” - Fed VC Quarles
The rotation from “growth” to “value” is inevitable. It will occur against a backdrop of devastation for the majority of investors quietly lulled into the extreme sense of complacency years of monetary interventions have provided.
A possible salvation might be to hang onto Germany’s coattails if it leaves a sinking euro to form a hard currency bloc of its own, given her substantial gold reserves. But for now, that has to be a long shot...
...virtue signaling is defined as "the conspicuous expression of moral values, done primarily with the intent of enhancing one's standing within a social group."
A new world order typically begins after radical changes in how things work within countries (i.e., via some form of revolution) and between countries (typically some form of war)...
Real Vision CEO Raoul Pal is joined by senior editor Ash Bennington to reflect on weakness in the banking sector and the odd flatness that has characterized…
"Market valuations are entirely fabricated - or synthetically generated - by all the central bank liquidity and do not reflect fundamentals of the securities that they represent."
"The COVID-19 pandemic isn't just a public health emergency; it's also an economic crisis that is hitting small and medium-sized businesses exceptionally hard."
At the moment, we struggle to find a time when the outlook for future stock market returns has ever been shoddier... Make of it what you will... Just recognize you’re merely drawing lots.
