By Thursday last week we felt that given the markets drop by 5% this year, it was time to put some money to work by investing into companies with strong fundamentals and which seemed to be at a good entry point. We still believe that this will turn out to be a decent year for equities. However, we have not abandoned the view that unless we experience significant reforms in global debt, derivatives, collateralization, and fiat money issues, the world economy may be facing within two-three years an unavoidable void that will be the mother of credit resets for decades to come.
Comment
|
February 10th, 2014
Unrelenting Historical Echoes and Markets’ Behavior: Facing an Unavoidable Void?
Close-up of Stopwatch on Us Coin — Image by © Sung-Il Kim/Corbis
by John E. Charalambakis Ph.D., Chief Economist
By Thursday last week we felt that given the markets drop by 5% this year, it was time to put some money to work by investing into companies with strong fundamentals and which seemed to be at a good entry point. We still believe that this will turn out to be a decent year for equities. However, we have not abandoned the view that unless we experience significant reforms in global debt, derivatives, collateralization, and fiat money issues, the world economy may be facing within two-three years an unavoidable void that will be the mother of credit resets for decades to come.
continue reading …
The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
Related
Comment
Argentina, Trump, and Perón
March 27th, 2018
Comment
The Overwhelming Case for Chile’s Private Social Security System
February 27th, 2018
Comment
You Blew It! World’s Free University is Sadly Biased
July 3rd, 2014
Comment
Christmas and the Birth of Christ
December 22nd, 2017
Comment
There’s a Hole in the Middle of Doughnut Economics
August 16th, 2017
Sendinblue Newsletter