In fact, inflation is now so bad that the Bank of England and the House of Lords got into a public spat about the central bank policy of quantitative easing (QE – creating money to buy government bonds).
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Back in July, billionaire Leon Cooperman said the market was overvalued, and overlooking “a number of things.” And last month, “bond king” Jeffrey Gundlach warned he sees a stock market crash coming sometime within the next 18 months. Meanwhile, SoftBank’s…
Some of you may remember today’s letter, which I first wrote back in April. I’m re-publishing it today as I’m currently working on a related little side project which needs a bit more polish. While April feels like an awfully…
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