What a joke the efficient markets hypothesis has become. Following the crisis in 2008, Central Banks worldwide have intentionally interfered in the global financial markets on the order of Trillions for the last decade.
For a couple years now I’ve been tweeting about and writing about Political Risk as the main risk in the financial markets. The Reason is simple: for the last decade Central Banks have intervened in markets to suppress interest rates by keeping Sovereign Bond yields too low. By buying government debt in the market…
I just spent time with a good friend who asked me: “Why do you believe in Progress?”
I’ve been hard at work building a firm dedicated to this deep faith in Progress for over a year now. This philosophy of Progress is absolute. I believe in the long run, Transparency…
Markets fluctuate all the time and even face significant declines without causing systemic problems.
However, from time to time, there are big collapses, the most recent of which occurred in 2008.