The powerful climb of the S&P 500 since the business cycle trough of 2009 and the last growth cycle trough of 2015/16, together with absence of recession, has made many investors resistant to pessimism. Yet monetary pessimism, correctly formulated, has in fact been the basis of far superior returns measured over standardized time periods (similar stages…
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This month’s Global Monetary Viewpoint is on the subject of growing monetary risks ahead of US Election Day and the implications for investment strategy. The probable last stampede, witnessed during the past week, of capital driven by the viral narratives about US-China “trade war” now clears the way for a fresh focus on fundamentals –…
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Wirtschaft WIRTSCHAFTSBÜCHER ; Hayek oder Keynes? ; Beiträge in der Tradition der Österreichischen Schule 599 words 15 July 2019 Frankfurter Allgemeine Zeitung FAZALG 16 161 German Copyright 2019 Frankfurter Allgemeine Zeitung GmbH. Provided by Frankfurter Allgemeine Zeitung Archiv Folgt man der internationalen Tagespolitik, gewinnt man den Eindruck, dass eine primitive Form des Keynesianismus die wirtschaftspolitische…
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