Waiting for Market Rationality
Equity markets have yet to recognize the fragility and softness of the underlying economy, although they do appear to be somewhat sensitive to geopolitical issues (North Korea). The incoming data continue to confirm: that the consumer has little spending capacity remaining; that inflation’s roar is nowhere to be found (except, perhaps, in hot dogs); that […]
How inflation may force millennials to reconsider risk
Originally published on Marketwatch.com http://www.marketwatch.com/story/how-inflation-may-force-millennials-to-reconsider-risk-2014-12-02?dist=afterbell Millennials are people born after 1980. I’ve seen sources that give differing dates, but I think being born between about 1980 and 2000 qualifies you as a millennial. Pew Research has done some interesting polling and found that millennials grew up with technology, like video games, send lots of text […]