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The Next Bubble

The tech bubbe was caused by unreasonable expectations based on over selling by excited tech enthusiasts reinforced by ignorance. The major tech developments have given us well run supermarkets, carriers as good as UPS, and super surveillance of all our transactions and telephone usage.

Tech is now a a solid supplier and makes solid returns but still have overvalued stock so yields are and will remain low.

The Finance bubble is based on dishonest balance sheets that owe more to fiction than accountancy presented by dishonest fianciers. Their shredded Balance sheets will take a decade to repair and restore - if they survive.

The best strategy is put your capital where it makes a modest guaranteed return and have a handy lump (say 20%) for special situations and aim top make a modest doubling of the gambling pot every twelve months overall so you can aim for 10% return after inflation.

S & P 4% decadal yield - is that a surprise ?