This time it’s different – or is it?

GaveKal Research are quite bullish about the longer term prospects for the world, and argue that something new is happening that may not rhyme with our past economic history.

A few weeks ago I attended a small dinner party in London hosted by Charles and Louis-Vincent Gave, the Gave's of GaveKal Research. They are quite bullish about the longer term prospects for the world, and as we will see below, argue that something new is happening that may not rhyme with our past economic history.

Long time readers know I like history. It is an old friend. It is a very uncomfortable proposition to hear things may be different, as they argue it well. Feeling like having a little fun, I invited Bill Bonner to dine with us, knowing that he takes the very opposite view.

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