By Thursday last week we felt that given the markets drop by 5% this year, it was time to put some money to work by investing into companies with strong fundamentals and which seemed to be at a good entry point. We still believe that this will turn out to be a decent year for equities. However, we have not abandoned the view that unless we experience significant reforms in global debt, derivatives, collateralization, and fiat money issues, the world economy may be facing within two-three years an unavoidable void that will be the mother of credit resets for decades to come.
The AEC’s fundamental goal is to promote a free, responsible and prosperous society. Through education and improving public understanding of key economic questions, the AEC promotes the idea of a free market economy and the ideal of a free society.