Run, Don't Walk

Reflexivity is like holding up a mirror to another mirror and creating an infinite feedback circle… or doom loop. In this case, a decline in asset prices actually causes further asset price declines.

Chiswick, West London

Wednesday, October 16

By Tom Dyson, Investment Director

I love charts that go back a long way. This 100-year chart from Bank of America (below) hits hard. 

It shows the pick-up in y…