Wealth Creation Through Natural Resources
I learned long ago to not be committed to a macro view as a market participant. Perhaps the most valuable thing to “understand” as an investor is to fully appreciate that there is a lot that “i don’t know that … Continued
Here’s the quick take on gold via Morgan Stanley: Clearly a bearish view on gold from MS, also not a very deep view either. This is a classic example of what Howard Marks calls “first level thinking”. All … Continued
A powerful, and frightening, conclusion as to what’s causing the recent trend of plunging global inflation rates via Bond Vigilantes: “The consequence of China’s overinvestment was to create excess supply and overcapacity, which has proven disinflationary, but now China has to … Continued
It’s official, the two largest economic zones have moved into deflation and the trend isn’t indicating that things are going to change anytime soon: The euro area deflationary trend has been fairly steady, whereas, the US has seen … Continued
The crowd is convinced the ECB will launch a 500+ billion euro quantitative easing program on Thursday. Here is some of what we are reading this morning… Telegraph: Francois Hollande tells business leaders that the ECB will launch QE on Thursday … Continued