If you’re going to risk borrowing to invest in volatile assets, you need long-term debt to do it.
The Investor
My regular roundup of the week’s best reads. The US blogger Barry Ritholtz says US houses are still significantly over-valued. That would be bad news for everyone, given that the US consumer is vital for a global recovery. Unlike in the UK, house prices in the US did actually go pop a few years ago. [...]
The rich get richer, while the rest of us struggle to keep up, let alone catch up. It’s all about safety-first investing.
The reason why super well-paid bankers, management consultants and the like still moan about their jobs is because they lack a purpose.