The Latest Chapter in Lend and Spend

Today, there is a spreading consensus that the short term in the market is becoming riskier. We don’t disagree. While two years ago, most economies were accelerating their growth, now most are slowing down. In our latest market commentary, we look at the “lend and spend” strategy of lowering interest rates to promote economic growth.

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Remember Risk?

We all know that risks exist, but our feeling about a particular risk is driven by our recent experience. Even knowing that we are likely to have another big earthquake, knowing that the risk exists, people don’t actually prepare because they have no recent experience of it. Many investors have fallen into a false sense of diminished investment risk because of prolonged calm in the markets.

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