The grander the plan, the greater the potential for disappointment. What if your plan was to create a perpetual economic growth machine? What happens if that plan worked a treat for decades and then goes…
People trust the RBA to act responsibly in its management of the Aussie economy. The short story is the central bankers debt-dependent economic growth model is doomed to fail…
The road to hell is meant to be paved with good intentions. But nothing good ever comes from deception. Based on 140 years of market data, the current PE10 reading is almost 80% ABOVE the…
Officially, the US market is no longer fair value. Unofficially, historical valuation methods tells us the US market is well beyond stretched…it’s travelled into rarefied (and terrified) territory. By any measure, Wall Street is much…
Excessive debt. Poor credit quality. Historically high PE multiples. In my mind, this assortment is not all that different to…youth. Alcohol. Drugs. High-powered cars. In each case, these lethal cocktails have…
In the 19th century, economics was considered philosophy…not a science. There are some plumbing analogies you could use when it comes to these philosophers posing as economists…
The recent news of an IMF downgrade to our nation’s economic growth was met with sombre tones. It’s as if this news came as an unexpected shock. Have they no comprehension of how past economic…
In the fullness of the boom and bust cycle — when uptrend boom turns to a downtrend bust — the notion of an alternative currency will be laughable…except for those who were silly enough to…
Those who accept on face value that cash is dead and go seeking higher yielding alternatives to breathe life into their money, may well find their actions unwittingly sign the death warrant on their capital…
Understanding the ‘barrier to entry’ rule is critical to evaluating the value of a business. The more difficult the barrier to entry, the more valuable your business. More recently, the overhyped and over-overvalued WeWork IPO…