I don’t do writing assignments. I don’t like deadlines. I am not a writer; I am an investor who thinks through writing. So when Institutional Investor asked me to write on the future of investing, my instinct was to politely decline. But the topic did seem intriguing. So I decided to give it a try.
Category:
Macro
MOST PEOPLE are convinced by now that there is a fixed-asset bubble in China that is on the verge of bursting. The question is, what is next? The answer will depend…
Everyone is looking with horror at Europe, waiting for the European Economic and Monetary Union to break up and for the PIIGS to start dropping like flies, taking the rest…
I have received many emails and a few calls from friends, asking one question: What are the consequences of the downgrade? So I decided to put my thoughts on paper. …
Party rulers in China are trapped in a position that chess players deeply fear — zugzwang — where any move made puts you at disadvantage. In China, the potential cost…
The Ups and Downs of Flying I am a very nervous flyer. Whenever there is a little bit of turbulence, I look out the window, see shaking wings, and start…
Two decades of stimulative, low-interest-rate fiscal policy have made Japan the most indebted nation in the developed world
Here is a link to the presentation/speech of my book. This presentation/speech qualifies as a second (free) edition of the first part of my book – the part that explains why…
Banks opened a dirty, ugly Pandora’s box when they destroyed their balance sheets to the point that the Federal government HAD to bail them out. Unfortunately now they’ll be paying for it, dearly.…
I’ll not make a prediction if this latest rally in stocks is sustainable or not. I don’t know. But it is self-fulfilling. Rising stock prices improve consumer confidence, and more importantly…