Note Précis July 23,2019: Renewed Ease, Renewed Market Subsidy- Prolonged state ownership of capital assets peaked in the late 1970s, to be unwound on efficiency grounds over the subsequent two decades. Freer market proponents need to consider efficiency risks as another arm of government now again expands in effect the prolonged subsidy of capital assets. […]
Note July 10,2019: Valuation versus Meeting Consensus as Market Driver – Investing requires a broader context than momentum, whether at the country or company level. Capital market valuation is elevated. Consensus growth was cut and low for example for S&P 500 earnings and declining for global economic growth. Meeting consensus as market sufficing has likely […]
Note Précis July 10,2019: Valuation versus Meeting Consensus as Market Driver – Investing requires a broader context than momentum, whether at the country or company level. Capital market valuation is elevated. Consensus growth was cut and low for example for S&P 500 earnings and declining for global economic growth. Meeting consensus as market sufficing has […]
Renewed Ease, Renewed Market Subsidy
Note July 23,2019: Renewed Ease, Renewed Market Subsidy- Prolonged state ownership of capital assets peaked in the late 1970s, to be unwound on efficiency grounds over the subsequent two decades. Freer market proponents need to consider efficiency risks as another arm of government now again expands in effect the prolonged subsidy of capital assets. From […]