Central banks try to be “precise” in timing a rate increase, but fail to understand the overall context—politically, economically and culturally. What’s needed is a return to a world where productivity and thrift is rewarded.
Peter Cavelti’s essays have been printed and quoted in papers, magazines and newsletters internationally, including The Wall Street Journal, Barron’s, The Financial Times, the Financial Post, The Globe and Mail, Money, Personal Finance and World Link. Peter releases new commentary as inspired by current events and the desire to share information with an independent, unbiased voice.
Richer valuations, a super strong dollar and policy paralysis make financial markets vulnerable. Add to that a monetary regime that is out of control and a deteriorating geopolitical climate.
The dramatic decline in the price of oil will have serious unintended consequences. Expect the Middle East to be further destabilized and oil producers everywhere to be plunged into budget deficits.