One of the memes of the Wall Street touts is the strength of US company balance sheets. “They have never been stronger” is the line heard over and over again by those wanting you to believe that the economy is recovering and the stock market is undervalued. Not surprising, most of this talk is all [...]
Tag archives for Hussman
Currency Devaluation
For those wanting a primer on QE and its effect on the value of currency, I recommend that you read John Hussman’s article. As a teaser, Hussman had this to say about Ludwig von Mises and Ben Bernanke regarding their views on inflation/devaluation: My impression is that Ben Bernanke has little sense of the damage [...]
Stock Market Valuation
Image via Wikipedia John Hussman is an astute observer of markets. Currently, he is very concerned about overbought conditions. That said, investors clearly are approaching the current market with every belief that the extreme valuations of 2007 represent the sustainable norm to which stocks should return. This despite the fact that the 2007 peak reflected [...]
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