...it is not surprising that the popular investing view today insists that investors should check their brains at the door and remain fully invested in stocks at all times.
Trade deal "optimism", which together with QE4 (which even Bloomberg now admits) has helped push the S&P to all time highs, was decidedly lacking on Wednesday...
If this monetary experiment has proven anything it is that lower rates and higher liquidity are not tools to help deleverage, but to incentivize debt...
"Having the smaller banks absorbed by the bigger ones, which seems to be Beijing's new strategy, will mean that China, like Japan in the 1990s, will be dominated by huge zombie banks..."
A necessary prerequisite to establishing a free and prosperous society is a free-market monetary system, one in which there is a total separation of money and the state...
