Daily Briefing: What Does the December Jobs Report Tell Us About Growth?
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
May 23, 2021 | Expecting Inflation John Mauldin John Mauldin is a renowned financial expert, a New York Times best-selling author, and a pioneering online commentator. Each week, over 1 million readers turn to Mauldin for his penetrating view on Wall Street, global markets, and economic history. The annual whirlwind is over. SIC was once again a mental overload. This year our virtual schedule spread it over almost two weeks, which was actually nice. The in-between days let the ideas settle a bit before the firehose opened again. Fifty powerful, thoughtful speakers are a lot to absorb. As pr...
The annual whirlwind is over. SIC was once again a mental overload. This year our virtual schedule spread it over almost two weeks, which was actually nice. The in-between days let the ideas settle a bit before the firehose opened again. Fifty powerful, thoughtful speakers are a lot to absorb. As promised, I’ll continue sharing some SIC highlights with you in my next few letters. This week and next we will look at the inflation/deflation debate. This popped up repeatedly (sometimes by design, sometimes randomly) and often provoked vigorous disagreement. Today we’ll consider the arguments ...
Article content “When all the experts and forecasts agree — something else is going to happen.” ~ Bob Farrell, Wall Street veteran “Sell the front page news and buy the back page news on the way to the front page.” ~ Don Coxe, veteran investor We apologize, but this video has failed to load. Try refreshing your browser, or David Rosenberg: Why investors shouldn't believe the Roaring Twenties' hype Back to video Can you believe that we now have three magazine covers — The Economist, Bloomberg Businessweek and MoneyWeek — talking about the Roaring Twenties? I don’t think in my...
Article content There are three things that I think most pundits are missing in their prognosis for the economy and they are all basic laws of economics. Let’s start with the law of diminishing returns, as this applies to saturated expenditures of big-ticket durable goods. This is also related to the law of diminishing marginal utility, which posits that, all else being equal, as consumption increases, the marginal utility derived from each additional unit declines. We appear to have hit that point in at least eight per cent of consumer expenditures, which is double the share of the service...