July 29, 2015

Confidence Games

This month I have been re-balancing my retirement savings, but it is a sobering exercise.

If we have money to save, where do we put it today? Let us review the major asset classes.

You get the distinct feeling that the wealthy-powerful class in Asia, Europe, and North America have steered capital into their own pockets for so long now that there is a huge imbalance in the distribution of capital in the world.

  1. Every asset class globally is experiencing a bubble simultaneously.
  2. So much capital has been idled that real economic activity is being starved.

So... if we have money to save, it seems like this situation is of our own making. What the heck are we doing to ourselves?

Where would you invest today?

Posted by David at 06:32 AM | Comments (1)