"In October 1979, the government of Prime Minister Margaret Thatcher abolished exchange controls. British citizens were free once again to buy and sell gold as they saw fit. This move led to many innovations in ways to buy and sell gold, whether from dealers or from the stock market itself."
"No one thinks all the problems the global financial crisis revealed have been healed."
"As the study on Robo-advisors proves, there is no “holy grail” of investing."
"The dollar appears to be weakening, and over time it might weaken dramatically."
"While I have an immense amount of respect for Tom, the exercise of manipulating valuation measures can lead to false conclusions."
"The reason was not an improvement in fundamentals, but a generation of investors front running Fed liquidity flows."
"If we use a more optimistic number of 50%, then 50% of American workers did not have the ability to tap additional “savings” to offset financial hardships during the pandemic."
"Derivatives top the list, estimated at $1 quadrillion or more in notional value according to a variety of unofficial sources."
"Desperate governments will take desperate actions."
"... we must consider that all of the newly created money and debt, crippled supply chains, and many other economic, social, demographic, and geopolitical factors can suddenly offset deflationary imbalances and supercharge prices when the economy does pick up."
"Central banks have pumped $4 trillion into the financial system over the course of the last two months."
"Yes, another $4-6 Trillion in QE will likely be successful in inflating a third “bubble” to counteract the last deflation."
"Stocks, though, are rallying in the face of historically awful economic numbers, in a bet on higher profit margins and an aggressive recovery that seems increasingly risky."
"The “Japan Syndrome” suggests that while interest rates are near lows, it is more likely to reflect the real levels of economic growth, inflation, and wages."
"The endgame of three decades of excess is upon us, and we can’t deny the weight of the debt imbalances currently in play."
"No money printing scheme in history has ever successfully solved an economic crisis."