Market Thinking

making sense of the narrative

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Tag: Three Zeros

Bad Models Make Bad Policy

Ronald Reagan once said that the scariest words in the English language were ‘I’m from the government and I am here to help” and in our view there is no doubt that there is little that is more dangerous than Read more…


Headline numbers hide the hits

The first few weeks of January have been as ‘bad’ as December was ‘good’, but much of this is a confusion between the headline numbers dominated by the megacaps and the reality beneath the surface, which is one of considerable Read more…