Born into a Big 5 investment banking family, I quit organized financial racketeering to go straight. MacDougal Irving is my Blogger Protection Identity, and I am a retired Certified Public Accountant and, like all of us, a badly misinformed investor. These are my observations on capital market cons as they were explained to me across the dinner table as a kid.
Prize
........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........
September 12, 2016
The Big Picture
We here at The MacDougal Post have been coming to grips with what strikes us as a nefariously mutating long term investment continuum by taking things in one parcel at a time. The piece linked below, graciously passed along by a valued subscriber, is just Part 1 in what's already a comprehensive, sweeping view produced by some impressive broad-vista thinking. It's well worth your time:
http://www.zerohedge.com/news/2016-09-10/time-get-real-part-1-central-banks