Markets hit record highs again! How can I be bearish
when this is the case?
Companies are using the super low interest rates to
borrow and buy their own shares. As is shown here:
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CEO's can say that they are doing well since the share price
is high BUT they are not investing in capex and their business!
I also look at the longer term trends/forecasts here:
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where see the low expected growth in the developed
world and talk about the conflict between boosting
growth via boosting population and having
overcrowded countries with GDP per person not
so great?
Will get back to looking at Japan etc to get ideas about
how we should trade the coming decade? It was just
the record highs market needed a mention and
explanation.
