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Will 2023 be “beautiful” (as Ken Fisher asserts) or ugly (as Harvard professor and former IMF chief economist Kenneth Rogoff fears)? “After 2022’s woes,” says Ken Fisher (“Big Year for Stocks, Bonds,” The Australian, 16 January), this year “markets are primed for beautiful … [Read more...] about Will 2023 be beautiful or ugly?

Taking into proper consideration advantages and benefits as well as costs and disadvantages, any conventional investment portfolio shouldn’t merely consider fossil fuels, their producers and consumers; they should underpin any portfolio that claims to be ethical. These portfolios … [Read more...] about Why fossil fuels are ethical and their opponents aren’t

In my previous wire (How we’ve prepared for the next bust, 28 November), I noted that recessions can have salutary effects: they usually damage and sometimes destroy the “conventional wisdom” which inflates the boom and bull market – and later collapses into bust and bear market. … [Read more...] about The factual case for fossil fuels

My two most recent wires (Recessions usually crush shares – but investors can always reduce their ravages, 31 October and How low could stocks go in 2023? 14 November) established six key conclusions: Investors can’t accurately predict the timing, still less the duration or … [Read more...] about How we’ve prepared for the next bust

Shane Oliver believes that during the year to come Australia will likely avoid a recession (see, for example, Seven reasons why Australia should avoid a recession, 9 November). But it’s quite possible that it won’t: on 28 October in Shane Oliver’s guide to riding out a “year to … [Read more...] about How Low Could Stocks Go in 2023?