Breakfast with Dave
“Everyone seems to believe that being long the market is the contrarian trade when in fact it is the crowded trade.”
“Having arrived at its destination, the market then offers near 0% returns and a picking of the creditor’s pocket via inflation and negative real interest rates.”
What Doesn’t Work on Wall St.
Five year earnings growth is meaningless
Grantham: Night of the Living Fed
Big surprise higher debt does not lead to higher GDP