Highlights from March — Third Wave Finance on Twitter


third wave finance 3-31-2017

Highlights from March — Third Wave Finance on Twitter


Charts and article comparing the existing stock market bubble to others using reliable valuation measures:


Chart addressing erroneous claim that stock valuations are not elevated due to low interest rates:

Quote addressing poor (yet often referenced) valuation metrics based on forward operating earnings:


Article discussing why Warren Buffett is not the same investor that he was in the past:


Article challenging misleading analysis circulated by the financial services industry:


Charts and quote revealing deeper employment/wage issues — those not captured by the unemployment rate:


Cartoon detailing risks associated with raising the Fed funds rate in an over-indebted economy:


Article with great charts addressing stock market valuation (bubble typically defined as “2-sigma event”) and the lack of correlation between inflation & stock valuation:


Article about investing in companies focused on organic products:


Chart detailing the error in the Fed model — a foundation that current monetary policy is erroneously built on:


Articles and charts challenging trite axioms that exist in the financial industry:


Two charts showing consistently over-optimistic earnings estimates generated by the finance industry:


Chart showing elevated risks due to margin debt (i.e. borrowing against investment accounts to increase leverage & risk):


Article detailing why traditional investments are priced for their worst expected 12-year return in market history:


Charts, quote, and comments comparing the poor 12-year stock return expectation to the return for U.S. Treasury bonds:


Comments and charts detailing why U.S. GDP is likely constrained:


Chart and comment addressing housing industry risks:


Investment risks addressed by Bill Gross:


Posts addressing economic constraints in China:


Comment and charts differentiating the corporate tax rate from effective corporate tax rate — i.e. what corporations actually pay after capitalizing on tax loopholes and lobbying to further entrench their positions:


Chart showing persistently over-optimistic expectations of the Fed’s ability to meaningfully increase the Fed funds rate:


Post discussing how the Wicksell Effect can show whether debt in an economy is productive (creating an income stream to repay principal plus interest) or if it’s a constraint on economic growth:


Quotes and comments regarding investing: