Wednesday, July 27, 2016

Speculative Extremes 
& Historically-Informed Optimism
In his latest missive, John Hussman emphasizes the excessive speculation in the financial markets .. differentiates the current investment environment from the past: "Patient adherence to a value-conscious, historically-informed investment discipline was rewarded, if occasionally after some delay. In the advancing portion of this cycle, Ben Bernanke’s blind, stubborn recklessness made patient adherence to a value-conscious, historically-informed investment discipline itself indistinguishable from blind, stubborn recklessness."
LINK HERE to the essay

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