The Fed claims to be fighting the deflationary battle by using the lessons of Japan, but almost everything we’ve done so far has been right out of the failed Japan playbook. Exhibit A is the way we’ve treated the banking sector by allowing zombie banks to continue walking as opposed to forcing them to take their losses. Bill Black elaborates:
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.
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