“Someday financial markets will decline...rising stock/bond markets will no longer be government policy. QE will end and money won’t be free. Corporate failure will be permitted. The economy will turn. Someday, somewhere, somehow, investors will lose money and once again come to favor capital preservation over speculation. Someday, interest rates will be higher, bond prices lower, and the prospective return from owning fixed-income instruments will again be commensurate with risk.” Seth Klarman
Thursday, July 16, 2015
China Matters: Is "This Sucker Going Down"? (2 Charts)
China's GDP beat: driven by tsunami of trading activity?
At the same time: China reaches NEW RECORD in total debt-to-GDP. Where is this headed? Japan 1989 revisited?