My sense is that the Fed and other central banks around the world will keep interest rates at very low levels for a very long time. The whole investment world has been distorted by essentially zero interest rates and expansionary monetary policies.
Sunday, November 16, 2014
Sunday, November 2, 2014
Children in Western societies and Japan, the today’s generation will earn less than their parents. They will have less wealth than their parents, inflation-adjusted, because of wealth taxes, including estate taxes. Also, real median incomes are declining in the Western world and Japan.