It’s hard to imagine that things are getting much worse, but they certainly are. According to Jamie Dimon, CEO of JP Morgan the month of December is looking even worse than November. Credit markets remain very tight and Capitalism simply can’t function without the extension of credit. The risks remain abundant in this market. How CNBC still manages to parade bottom pickers out every 30 minutes is simply astounding.
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.