Hussman Funds - Weekly Market Comment: The Truth Does Not Change According To Our Ability To Stomach It - December 9, 2013
"Our estimate of prospective 10-year nominal S&P 500 total returns has eroded to just 2.3%, suggesting that equities are likely to underperform even the relatively low returns available on 10-year Treasury bonds in the coming decade. Those estimates have had a correlation of over 85% with subsequent 10-year S&P 500 total returns since 1940, and a higher correlation with subsequent returns more recently."
US and China in reflexive pursuit of growth - FT.com
"Toxoplasmosis does strange things to mice. It compromises their immune system and makes them lose their fear of cats. I wish I had their disregard for safety. If they were fund managers they woul...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.