Since the late-1980s they’ve mostly been lax. But at some point they’ll constrict and remain tight – and the 40-year bull market will end. Another Inconvenient Truth Today’s Consensus Refuses to Acknowledge “As the Federal Reserve nears the end of a historic cycle of interest rate increases,” wrote Sarah Hansen (“What Does It Mean That Financial Conditions Are … [Read more...] about Tight(er) financial conditions will end the bull market
Archives for March 2025
Why CSL will likely underperform term deposits
Its long-term returns have been outstanding. Yet eroding fundamentals and today’s prohibitive valuation imply tomorrow’s mediocre return. CSL Ltd isn’t merely an Australian success story: it’s also a global leader of its field. In recent years it’s ranked among the largest (by market capitalisation) companies listed on the ASX (on 7 March it ranked third, behind CBA and BHP, … [Read more...] about Why CSL will likely underperform term deposits