BACK TO THE FUTURE

Posted on Perspectives

The past decade – It is worth a quick look at just how stock markets have been performing. Looking at the decade to the end of March 2016 is likely as good as any, since it captures the peaks in 2007 and 2015, and the trough in 2009. This chart shows the return, risk, and […]

Read more >

WELCOME, PRIME MINISTER TRUDEAU

Posted on Perspectives

Welcome, Prime Minister Trudeau the 2nd. You inherit a True North dependently, not strong and free. Oh Canada is the name, panning our currency is the game. Alas, we are not alone. Beggar-thy-neighbour banking is de rigueur Realpolitik these days. The European Central Bank is swirling water over the euro, hoping to retrieve gold at […]

Read more >

ASSET PRICING CHALLENGES

Posted on Perspectives

Traditional economics has been turned on its head, escalating the challenge of pricing assets. Here are four perspectives. More jam tomorrow – Our activities are broadly predicated upon assumptions of steady to rising prices. Our trove of knowledge and experience with falling prices is limited. Were deflation to ensue, it could unleash menacing dynamics that […]

Read more >