One of my strengths (and weaknesses) is that I was trained as an accountant. Double entry accounting follows specific rules. The rules of accounting, like other endeavors, do ebb and flow over time but Assets are always the sum of Liabilities and Equity. (more…)
Posts Tagged ‘Wash Rinse Repeat’
Wash, Rinse, Repeat
Stocks are cheap! Compared to Bonds, Stocks are cheap, but then again, everything is cheap compared to Bonds. This is the narrative driving Stock prices to multi-year and even all-time highs. Enjoy while you can but this narrative has no legs, despite the desires of all the central banks on the planet. (more…)
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