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...

David Scutt

Scutt Partners

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 Scutt
Independent Market Strategist
Scutt Partners

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

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.