Markets stumbled into February, a historically weak month. February tends to deliver modest returns, with average performance trailing the stronger gains typically seen in January and March.

Volatility crept back into the market last week as the rout in the tech sector accelerated.

The end-game of debt-debasement is already visible. The only thing that's still up in the air is our response.

For years now, corporate stock prices have been growing substantially faster than their free cash flows. In theory, this shouldn't be sustainable.