Going into 2024 the CSPM™ asset allocation model looks like this: Equities overall, are rich. Long-Term Bonds face supply headwinds from large increases in debt and credit expansion. Shorter-Term Bonds and cash equivalents have attractive yields. Credit Spreads on Corporate Bonds are historically tight, agency mortgage spreads offer value. Allocation to[...]
Tag: Economy
Why It’s So Difficult to Repair Stuff: It’s Made That Way
by Charles Hugh Smith Of Two Minds Everything made with cheap, unreliable parts/components will break down long before the entire assembly has lost its utility. In Here’s What’s Wrong with Corporate America–and the U.S. Economy (December 17, 2014), I concluded that once Corporate America books the sale, they’re done with customers. Customer service after the sale (when the upfront[...]