By Energy Burirto (Guest Post)
In times of market turbulence like this, I find it useful to do two things: make simple observations, and seek solace in the wisdom of others. So this week I have turned to the most voracious voice of reason, Winston Churchill, to help me make some sense of this all. This is what he has told me: ‘I never worry about action, but only inaction’This simple expression from Churchill underlines the conundrum that the US currently faces. It is loose monetary policy (= low interest rates) which has spurred on the rally in equities and commodities in the past…
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