– “Things have been going up for too long…” – Goldman Sachs’ CEO – Lloyd Blankfein, Goldman CEO “unnerved by market” (see video) – Bitcoin bubble is no outlier says Bank of America Merrill Lynch– Bubbles are everywhere including London property– $14 trillion of monetary stimulus has pushed investors to take more risks– We are now in a new era of bigger booms and bigger busts – BAML– “Seeing signs of bubbles in more and...
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The War on Moles OUZILLY, France – The farther you get from the big city, or the international press… the closer you get to reality. The myth and claptrap disappears as distance shortens. Imagination gives way to fact. Gone is global warming, for instance. Instead, you find – as we did when we drove to Nova Scotia for a summer holiday in the 1990s – that it will be “75 degrees in Halifax again today… No relief in...
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Crumbling Stability In the past few months, we have witnessed a series of defining events in modern political history, with Britain’s vote to exit the EU, (several) terror attacks in France and Germany, as well as the recent attempted military coup in Europe’s backyard, Turkey. Uncertainty over Europe’s political stability and the future of the EU keeps growing. These worries are quite valid, as geopolitical...
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Connecting Dots BALTIMORE – U.S. stocks bounced on Tuesday, with the Dow up 269 points [and even further on Wednesday, ed.]. Was that all there was? Is the “Brexit” scare over? We don’t know… but we’re going to take a pause today. Instead of trying to connect the new dots, we’re going to take a look at the old dots we’ve already strung together. We’ve been connecting the dots every day (except weekends) for the last...
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