A world of diminishing returns

An authentic debt crisis, which the world is now experiencing, can only be cured by default or inflation. In these circumstances, many previous investment return assumptions are now comical.

What’s in a name? I wish I’d asked my parents how they came up with mine, because I’ve never really been a good 'Bill'. That is not to say that I’m uncomfortable in my own skin – I usually am – but I’ve never really been at ease with the name. Perhaps it’s genetic because the discomfort seems to run in the family.

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