I am not a fan of bitcoin and the myriad other cryptocurrencies. No, I'm sorry if you bought the hype, but these things have no intrinsic value and they are not currencies. Not now and not in the future, at least not in their current form. Governments are not...
One of the things I've been pondering lately is the possibility that we are in the midst of a regime shift. I'm not talking about a cyclical change but rather a long term, secular one. For all of my investing career - and for almost everyone's entire investing life...
Stocks have stumbled into October with the S&P 500 down about 6% as I write this. The source of equity investors' angst is always hard to pinpoint and this is no exception but this correction doesn't seem to be due to concerns about economic growth. At least not directly. The...
I have been a fan of Japan as an investment for quite a while now. Shinzo Abe's economic reforms are, for now, paying large dividends. There are questions of course about monetary policy as implemented by the inventors of Quantitative Easing, taking monetary policy where it has rarely been....
Japan's stock market hasn't done much this year - the Nikkei is up about 4% YTD - but you can't blame that on poor corporate earnings growth. Earnings for the Nikkei are up about 30% year over year and profit margins are hitting new highs (from the FT): Shinzo Abe...