Why we believe that you need to be a medium-term market timer, to do well in all markets. A lesson from history http://puzzlefinancialadvice.com.au/2021/Core/Static_Asset_Allocation_long_term_buy_and_hold_strategies_often_fail_Why_is_that_210202.pdf
Puzzle Financial Advice
Jeremy Grantham 27/2/2012 "Believe in history. History repeats. All bubbles break. Be patient and focus on the long-term. Wait for the good cards."
Puzzle Financial Advice is NO LONGER providing personal financial advice
Important links
Financial Repression:
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Russell Napier 14/July/21
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Market strategist Russell Napier talks about why he sees structurally rising inflation coming, why central banks are impotent – and what that means for investors. https://themarket.ch/interview/russell-napier-we-are-entering-a-time-of-financial-repression-ld.4628
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Inflationary forces:
Deflationary forces:
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“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises (Austrian School of Economics).
Debt Trap
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Nouriel Roubini 22/Sept/21
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"(Bloomberg) -- Nouriel Roubini -- renowned for foreseeing the mortgage collapse that helped produce the 2008 financial crisis -- said the post-pandemic world seems to be heading toward a repeat.
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“My concern is that we are in a debt trap,” Roubini, chairman and chief executive officer of Roubini Macro Associates
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“We are in a debt super cycle,” he said. “And eventually, central banks are in a trap. People said they are going to normalize policy rates, but with these levels of private and public debt, if they were trying to do that, there will be a market crash, an economic crash, and therefore, I think the path of least resistance is going to be to wipe out the real value of nominal debt at fixed-interest rates with higher inflation.” https://finance.yahoo.com/news/roubini-says-dr-realist-warning-141111449.html
What the future holds.
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Some of my views 22/Feb/21
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Further on the death of democracy