The US and the EU are Already in a "Silent Depression"
Marc Faber believes that the question of recession or depression has already been answered, and if you ignored faulty government statistics and paid…
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Latest Monthly Market Commentary Reports
How Do We Define Inflation?
The late Kurt Richebächer addressed the subject of inflation and deflation in a 2006 newsletter. Among others, he quoted J.M. Keynes who in his A Treatise on Money, first published in 1930, commented on a table about bank credit, the wholesale price index and stock prices thereof as follows: “Anyone who looked only at the index of prices would see…
Marc Faber
It is the “Money Illusion” that makes Inflationary Policies Popular
For a change, Fox Business recently reported about an interesting legal case under the title Dancers sue strip club claim it ‘forced a socialist economic system’ by forcing them to share tips (April 10, 2024). Not that this case is terribly relevant for us, nevertheless it is still interesting as an experiment as to how far we do or don’t lean to…
Easy Financial Conditions but Tight Borrowing Conditions
In August 2022, Henry Kaufman (the original Dr. Doom) wrote an article and gave an interview for the Financial Times, which was published under the title: Shock the market’: Wall Street’s original ‘Dr Doom’ tells Fed to toughen up. At the time, Kaufman feared that the Fed under Jay Powell was failing to combat inflation with the resolve displayed…
Can Investors play a poor Hand well?
The British composer and conductor H. T. Leslie (1822 – 1896) wrote that, “The game of life is not so much in holding a good hand as playing a poor hand well.” This is how investors in financial assets should feel about the current market conditions. At present, most assets are relatively expensive. With a few exceptions (gold miners, oil stocks…
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