In the previous post we examined the consequences of either likely approach to dealing with COVID-19 that the authorities may adopt. It is clear that whatever transpires in the coming days and weeks the economic consequences are going to be significant, as are the consequences to financial markets. What is probably not fully appreciated by …
Dragged from state of denial markets have responded uncomfortably to the rapid spread of the coronavirus, which has suddenly become the headline making news event. While many still view this with cynicism it is hard to share this position if you take a little time to read some of the scientific papers, which have been …
The US market has been on a tear since the Autumn on the back of renewed global growth (1), loose money (2) and the incredible resilience and earnings growth of US Tech disruptors, with Apple now exceeding Microsoft’s market size, at around US$1.4tn. Just look at the long term price chart! Any US investor has …
The data is poor and deteriorating, the deceptions and imbalances ever more clear, the insane asset valuations obvious, global politics is at its most fractious for decades and market volatility is again picking up, and the global dollar/banking system clearly creaking at the seams, yet this reality is almost entirely ignored by many investors, still …
Canary Corpses litter the mine, Unicorns are dying, Wall Street trying not to notice Read More »