Four late cycle signs - MFS
MFS Investment Management:- Mr Swanson, who joined MFS in 1985, admits you can't time cycles, but looking for signs can "give you a sense of how far you are from the waterfall". He pointed to four signals that have put him on higher alert: One is that a third of all companies in the Russell 2000 index "don't actually make money". "A lot of that is because of disruption and tech companies, but it is a bit disturbing. This is late cycle behaviour, and if you cut corporate tax
Where are we in the cycle of the debt bubble? Ray Dalio
The US market is in 7th innings of 9 in the current debt bubble says Ray Dalio, one of the most successful (ever) hedge fund managers. The closest parallel equivalent in other debt bubbles is ~1935. grim stuff ahead. http://puzzlefinancialadvice.com.au/2018/GFC2/Dalio_on_the_history_of_debt_bubbles_Where_are_we_now_in_this_debt_bubble_180916.pdf Who is Ray Dalio? https://en.wikipedia.org/wiki/Ray_Dalio [if !supportLineBreakNewLine] [endif]
