D. McHattie

The Dogma of Low Interest Rates Is Wrong

Excellent article and excellent discussion.

Harry, your counterintuitive and counter-conventional wisdom argument is nonetheless extremely compelling.

I look forward to reading more articles with a similar bent as we all 'embrace evidence-based thinking'.

The Reflation Trade Portfolio

"It seems like the "thread-the-needle" or "goldilocks" scenario is the least likely outcome."

No kidding. Especially given the outsize proportion of owner's equivalent rent in the calculation of our inflation indices. Rents, home prices and owner's equivalent rents are falling and will skew our inflation measurements, making us think that inflation is moderate when, really, in everything but housing inflation is totally out of control.

Bernanke is definitely going to err on the side of inflation.

My reflation etfs would be GDX, PBW (or GEX) and NLR (do you realize how many nuclear reactors are in production?).

The Tide Is Turning

“These are the kinds of signs ‘one would typically expect at a bottom’, says Du Plessis."

They are also the kinds of signs one would typically expect at a false bottom.

What do the fundamentals tell us?