ARP touches on many of the topics I have been speaking of since this rally began. Their focus is primarily on the fact that the bond market is not confirming the equity rally, the lack of foreign demand for U.S. treasuries, FASB 157 shenanigans and the government’s cowardice with regards to nationalization. It’s well worth a read:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.