Chris Leithner

John Maynard Keynes (the First Baron Keynes of Tilton, 1883-1946) is usually remembered as the author of The General Theory of Employment, Interest and Money (1936) and father of “Keynesian economics.” He was probably the most famous and influential economist of the past century, … [Read more...] about Keynes as investor-speculator

In Five crucial facts the mainstream has ignored (23 April), I demonstrated that “Australian equities have entered an earnings depression – and the market has mispriced it … egregiously.” Earnings finance dividends; so what, in the midst of Australia's bogus boom (19 May), are … [Read more...] about Australia’s dividend recession

The "recovery" of Australia’s economy from last year’s plunge into recession is much more apparent than real. Before the pandemic, deep-rooted and growing impediments hobbled its growth. Some have existed for decades, others result from the poor policy during and since the GFC. … [Read more...] about Australia’s bogus boom

If you’ve been following the news – which, two of my recent posts concluded, is a mistake! – for the past six months or more, you’ll be forgiven for thinking that the earnings of ASX-listed firms are recovering and therefore that the market’s remarkable gains since March 2020 are … [Read more...] about Australia’s Earnings Depression

In my previous wire, I showed that overconsumption of news misinforms investors and wastes their time. But that’s not all: in this article, I cite evidence that overconsumption – particularly of news’ online and broadcast variants – hinders thinking. It doesn’t just cause your … [Read more...] about Investors beware: “News” impairs your mental and physical wellbeing