“Prices have been so distorted (the ultimate goal of Central Planning everywhere, from China to the EU to Japan to the U.S.) that the illusion of stability is impossible without

Investment risk may be a complex subject but Howard Marks has come very close to writing the definitive document on this subject. This may not become widely read but it

“Cross your fingers, credit growth is a necessary but not sufficient condition for economic growth. Economic growth depends on the productive use of credit growth, something that is not occurring.”

“This cycle of entrenched interests protecting their skims and scams via central bank monetary policy is self-liquidating: every nation that pursues this “fix” will find its economy liquidated by financial

Here is an excellent overview of the how Europe is currently failing to address its accelerating problems and seems to be drifting towards fragmentation: link to article

“My point is that manipulating markets strips markets of price discovery of assets and risk and the feedback that enables markets to recover equilibrium; decisions made when risk and price

“Just as many on the edge of suffering a heart attack have no awareness of the risk they face, our financial system is blind by design to the enormous systemic

The consensus remains convinced that Treasury Bonds are massively overvalued. Here is a brilliant and highly credible explanation why that may be completely wrong, with the bonus of some additional

Here is an excellent analysis of how stock buybacks have been massively reducing the corporate tax bill particularly for the bigger companies: link to article The scale of this new

It is crucial that investors understand that it is time to choose between 2 different economic narratives, which are very well described here: link to article As investors consider this,