Bargain? Or Devil's Bargain?

Bargain? Or Devil's Bargain? No one asked for falling securities prices for the Holidays, but that’s what we got. Then we've had to endure the endless barrage of media interviews with Cassandras preaching that the end is near. What should you do? Pull in the reins and get more conservative? Or step up and get more assertive? Before doing anything, breathe deeply. A calm awareness of reality is what we need. Reality Repression The past few years we have written and spoken of our worries concerning “financial repression” at the hands of central banks. This, we have repeatedly emphasized, has artificially depressed interest rates and inflated asset prices. In plain English, financial

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