The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More

For those interested in a quick summary of 500 million years of geological history of The Lakes

GMO's Jeremy Grantham has caused a stir with his latest missive

Blue Whale's Steven Yiu may come to regret his decision to call publicly for 'most active managers to quit'

Until recently, central banks had been seen as heroes for the best part of four decades

Central banks were ill prepared for covid but then several decades of disinflation had made them and many others complacent

Patterns in financial markets relate to human behaviour, the business cycle, and longer inflation cycles

For those who know what the normal/Gaussian distribution looks like but are not quite sure what it is

It may be possible to both understand and not understand Schrödinger's Cat at the same time

Bonds and equities exhibit fundamentally different patterns

Can the latest US jobs and inflation data suggest that the economy is heating up and cooling down at the same time?

Will tighter monetary policy in the US induce a gentle easing in labour market pressures or something unpleasant?

A reminder about what empirical research tells us about business cycle phases and asset class returns

Consumer sentiment and confidence indicators in the US, Eurozone, and UK point to grim days ahead

The definition of a recession as two consecutive quarters of negative growth is flawed

It's easy to make predictions but making them useful is another thing all together

An appraisal of the fundamental reasons for buying gold

The outlook for gold in the context of its long-term price trend

The developed world has had it good for too long

Retail investors cannot be adequately protected until the fundamental similarity between investing and gambling is recognised

Why should the QE of the last 15 years be causing inflation only now?