Sheltered from the Storm The bear market rally in July and August had many people hopeful, but that rally has now disappeared and we are essentially back at the June lows on the S&P 500. All this has happened as the Fed has consistently raised interest rates to address inflation, which has sent the bond […]
Even A Broken Clock is Right Twice a Day While central bankers are very smart, they are far from infallible. Throughout the history of central banks, policy errors are common. The choice central banks are making now is between focusing on core inflation (excluding food and energy). This allows food and energy inflation to run […]
Is It Time to Pay More Attention to Bitcoin and Other Crypto-Currencies? The sanctions placed on Russia are extraordinary in that central banks are used as a weapon, freezing Russian state assets and Russian Oligarch assets that are held in Western Countries. This is a first, and could have several important repercussions. This action could […]
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