
The Flywheel
Small insights building on each other





Why is the stock market down?
Interest rate increases are helping to drive down stock valuations

3rd Quarter, 2022
Newton’s law of action and reaction will continue to prevail as markets shift
Small insights building on each other
Non-bank leverage is a potential threat to global financial stability.
Good entry points come in periods of uncertainty.
Risks associated with regulatory disintermediation need to be examined
Excessive leverage must be removed before a new growth cycle can emerge
Interest rate increases are helping to drive down stock valuations
Newton’s law of action and reaction will continue to prevail as markets shift