“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, October 6, 2016
Gary Shilling Blog: It's not going to be pretty
Gary Shilling Blog: It's not going to be pretty: We have a situation where most people in Europe and North America have seen declines in their purchasing power for over a decade. When we ...
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