At a recent CFA Society dinner in Montreal, Harvard economist Carmen Reinhart discussed her research on Financial Repression and its impact on bond and equity markets.
Her extensive research on financial crises around the world provides invaluable insights on our current situation, redefining classical notions of investment risk. In this month’s Economic Pulse, Ray Kerzerho summarizes her talk and important conclusions.
Enjoy the read,
Tony & Peter
While the media would have us believe that the US “Fiscal Cliff” would lead to an immediate recession if not resolved, Buffet explains in his sage manner why this isn’t true and why we should have more faith in the underlying strength of the US economy.
The opaque world of hedge fund managers, often idolized in the press, is not the boon to investors they would have you believe. In the short piece by Larry Swedroe, you’ll read why the hedge fund industry has very little to be proud of. In fact, it has a lot of explaining to do: how does an industry with such poor returns justify such high fees?