Why capitalism is not doing its job: AFR (@cjoye) The prices we see today for equities, bonds and housing are not remotely near their true market clearing...

Stonex
Why capitalism is not doing its job: AFR (@cjoye) The prices we see today for equities, bonds and housing are not remotely near their true market clearing levels. They are fake prices - to borrow a phrase used by Australia's Matthew McLennan who manages $80 billion for First Eagle Investments - that have been artificially lifted by governments spending trillions of dollars buying assets in a misguided bid to maintain their values. There is no historical precedent for the massive interference in Western markets since the global financial crisis.'

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise