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Archive for June 14th, 2007

INVESTORS have had a pretty good time of it over the past four years. Almost every asset has increased in price, including art, emerging-market shares, junk bonds and property.
Could this be an end to the global “liquidity bubble” ? It has resulted a grubby bargain between Asian savers and American consumers. The former have saved [...]

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Hussman Funds has this “commonsense” observation ….
Investors should not be so naïve as to believe that money “flows out of” one investment and “flows into” another. Every security issued exists until it is retired. Every Treasury security outstanding has to be held by someone. If one holder wishes to sell, another must purchase it, or prices [...]

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