In his latest letter, Tim Price stresses the price distortions in the financial markets .. emphasizes that although Federal Reserve asset purchases have abated (for now), central bank financial repression “will go on” .. on investments, Price sees bond prices as being “grotesquely expensive”, continues to like only quality listed businesses trading at or well below a fair assessment of their intrinsic worth .. “Pretty much everything else amounts to nothing more than paper, prone to arbitrary gusts from some very powerful, and very windy, bureaucrats. We note also that former Fed chairman Alan Greenspan, no doubt looking to polish his legacy, managed to front-run the Fed’s QE announcement by pointing to the merits of gold within a government-controlled, fiat currency system. Strange days indeed.”

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